Byte Software, a provider of loan origination software (LOS) for banks, credit unions, mortgage bankers and mortgage brokers, has partnered with LoanSifter Inc. to offer a product and pricing engine. LoanSifter's best-of-breed solutions include an intuitive point-of-sale loan eligibility and pricing engine, lock desk, and rate sheet generator satisfying the most demanding loan officer. “LoanSifter’s streamlined, easy-to-read format means originators don’t have to waste time searching through unnecessary numbers and suggestions to get the information they need,” said Bruce Backer, president of LoanSifter. “Secondary managers and originators tell us that they are looking for ways to manage risk and efficiently secure more transactions. They understand that integration translates to increased control and immediate answers—two factors that can make the difference in growing your business in a challenging market.”
LoanSifter provides pricing, automated underwriting systems and lock desk features. Secondary departments utilize the thorough, real-time streamlining and maintenance of the entire mortgage pricing process (margins, adjustments, incentives, SRPs, and underwriting guidelines), no matter if servicing is retained or if correspondent and wholesale investors are used. LoanSifter recently released its Banker Edition--a back-end loan solution available for the mortgage industry. LoanSifter Banker Edition offers a powerful, user-friendly solution to improve workflow and help ensure accuracy and compliance for both the banker and loan officer. It is a highly customizable solution offering an automated rate sheet generator, a Web portal for wholesale, TPO
(third party originators) or retail, and an online 1003 mortgage application with an upcoming bulk pricing tool.
The partnership between Byte Software and LoanSifter reduces data input and errors by giving
customers the ability to submit existing loan data from within BytePro, instantly accessing pricing and product information.
For more information, visit ByteSoftware.com or LoanSifter.com.