Skip to main content

Mortgage Builder Announces LOS Upgrade

NationalMortgageProfessional.com
Oct 25, 2010

Mortgage Builder Software, a provider of loan origination systems (LOS) technology, has announced a major upgrade to the electronic document management (EDM) capabilities of its award-winning platform. The new, digital imaging and paperless functionality is completely integrated into Mortgage Builder's renowned origination system, bringing new levels of efficiency and sophistication to the company's users within lending institutions of all sizes. This new Mortgage Builder technology represents a complete and fully integrated digital alternative to using paper in the lending process. The benefits for lenders in having the capabilities seamlessly integrated into the LOS rather than as a third-party add-on are immediately evident. Users save time and effort by never having to leave the familiar Mortgage Builder environment and in essence, already know how to use the new leading-edge capabilities. Mortgage Builder was among the first LOS systems to provide basic electronic document management functionality, but the new platform integrates the most advanced digital image and document handling automation available anywhere, according to Keven Smith, Mortgage Builder's chief executive officer and president. Mortgage Builder is setting an entirely new standard for built-in LOS document management," Smith said. "Users create electronic loan folders in seconds and automatically build the file with required documents within the system, never leaving it. When documents arrive via e-mail, fax or uploads through Mortgage Builder's privately-labeled lender portals, they flow directly into the appropriate loan's electronic folder and automatically enter the loan's workflow. Incoming documents are recognized and classified without requiring separator sheets or bar codes, a great time saver all by itself. And they are immediately 'teed up' for action in the right person's queue. It's a quantum leap in electronic document management." With investors increasingly requiring electronic loan delivery in specific stacking orders, electronic document management is rapidly becoming a must-have for lenders, many of whom are currently using costly third party services to deliver electronic files. Paper, famously expensive and easy to misplace, becomes a thing of the past and is replaced with greater security and vastly reduced costs. "The office supply vendors aren't going to be happy about this," Smith said. "Every digital loan means a ream of paper saved and represents a file that isn't going to be repeatedly copied, moved around the office and ultimately stored in a box somewhere. With millions of loans going digital each year, entire forests, landfills, watersheds and energy resources will benefit." For more information, visit www.MortgageBuilder.com.
Published
Oct 25, 2010
Equifax Confirms Credit Report Hike

Costs could go up as much as 400% in some cases, according to NCRA.

Industry News
Nov 29, 2022
‘Massive’ Increase In Credit Report Cost Coming In 2023

NCRA says a 'vast majority' of mortgage lenders will incur price increases ranging from 10% to 400%.

Industry News
Nov 28, 2022
Homepoint Offering $500 Credit To Borrowers For Appraisals

Savings intended to help ‘on-the-fence’ homebuyers feel more comfortable buying a home.

Industry News
Nov 28, 2022
Creativity Found In The Oddest Place

Flagstar’s MortgageTech Accelerator program has its roots in Major League Baseball

Industry News
Nov 21, 2022
UWM Expands Temporary Rate Buydown Offerings

In a rising rate environment, this temporary rate buydown will be an attractive option for borrowers.

Industry News
Nov 16, 2022
Down Payment Assistance Facilitator Arrive Home Launched

Social enterprise

Industry News
Nov 15, 2022