SaM Solutions US has enhanced the pipeline functionality within its Engage loan origination and processing system. The new functionality is designed to ensure that community banks, brokers, credit unions and midsized banks can monitor their pipelines easily and have at their fingertips all the information they need to do business.
“We wanted to provide the client with the ability to track loan-lock expiration dates, perform some analytics and provide the expected underwriting decision date,” said Aaron Cope, Director of Business Development for SaM Solutions. “Our development team created a powerful, system that no one else offers – or at least not in the same way that we do.”
Engage is a three-component web-based platform that handles all loan related activities.
►Engage Loan Origination System: A solution for origination and processing mortgages, covering the origination process from the application to approval and funding.
►Engage User and Client Management: Helps users manage the system, including creating new accounts, granting permission to view activity reports and establishing a permissions policy. In fact, administrators are able to define access levels through an application that walks them through each step of the process.
►Engage Business Rules Engine: The heart of the platform provides an intuitive, powerful method for setting up business practices such as origination and underwriting guidelines, price and rate adjustments, and default loan fees separately by client, state and product. Each product option can be set up in the rules engine.
“We designed Engage to be adaptable and that meant that we made it easy to customize and inexpensive to do so—and the pipeline piece is designed with those goals in mind as well,” said Cope.
SaM Solutions has more than 15 years of experience building, releasing and maintaining software solutions for the mortgage and financial industries.