MortgageDashboard, an on-demand loan origination system (LOS) enabling straight-through, paperless mortgage processing for lenders, credit unions and banks, has released a major upgrade to its SaaS LOS. The new functionality will allow originators to attract new business, take applications, process and close the loans without leaving the software. The new version offers contextual navigation based on fully customizable templates that streamline the process and ensure compliance.
“Advancements like this are possible because we're approaching software development from a totally different perspective,” said MortgageDashboard Chief Technology Officer Jorge Sauri. “Our template-based approach will make it possible to customize MortgageDashboard quickly and easily to fit the kind of lending our clients are doing. We're providing niche-based marketing power in a Web-based tool that delivers bullet-proof compliance in an interface so easy to use it won't even feel like work.”
The new version was rolled out to existing clients in early October and is now ready for new clients. Pricing is currently on a per-transaction basis and there is no upfront fee for the use of the platform.
“We set out to build a more intelligent, powerful and flexible enterprise resource than our industry has ever seen before,” said Rene F. Rodriguez, MortgageDashboard chief executive officer. “Ultimately, the success of lenders in the future will depend directly on the success of the loan officers working within their companies. Solid loan origination technology is the cornerstone of the loan officer's success. With this new version, we're providing them with a strong foundation.”
Rodriguez said that MortgageDashboard would be providing both support for the company's LOS technology, as well as other forms of support for loan officers using the company's products, including sales training, marketing support and motivation tools. Much of this support will be provided through the company's new Web site at www.mortgagedashboard.com.
In addition, Sauri said MortgageDashboard would maintain an aggressive schedule of future updates, rolling out new functionality for the LOS about every 30 days. Updates to the software that are already scheduled include:
►A “Quality Coach” that follows each originator through the transaction, warning them of compliance violations in real time and making suggestions that will help the company originate the best possible loans.
►A new eBriefcase that will collect and manage all of the documents that go through the transaction, keeping everything in its place and warning the loan officer when an expected document isn't in the file yet.
►A more complete borrower summary that will tell originators and managers at a glance what they need to know about their customers to turn them into customers for life.
For more information, visit www.mortgagedashboard.com.