Fraudmit announces new Web-based submission processMortgagePress.comFraudmit, FTP protocol, scan files, electronic, paperless, document submission
Fraudmit LLC has announced a dramatic and beneficial advance in
services. The company has instituted a new and innovative Web-based
solution that allows clients to electronically upload and submit
files for review using a secure FTP protocol. In addition to
traditional methods of submitting loans, clients can now submit
loans directly from their imaging system to Fraudmit, scan the
files and upload them or fax documents directly into Fraudmit's
All files, regardless of the method of submission, will be
securely stored on the internet. This will allow clients to view
loan documents including loan level audit reports and
reverification information 24/7 for up to 3 years. Both features
are being introduced at no additional cost to Fraudmit
"We are excited about these new features", said Ralph LoVuolo
Jr. founder of Fraudmit, "eliminating the need to copy and ship
files is a huge savings for our clients."
Fraudmit is a nationwide provider of low-cost quality control
services to the mortgage lending industry.
For more information, visit www.fraudmit.com.