LoanLogics Announces Upgrades to Its LoanDecisions Platform – NMP Skip to main content

LoanLogics Announces Upgrades to Its LoanDecisions Platform

NationalMortgageProfessional.com
Aug 07, 2013

LoanLogics has enhanced LoanDecisions, the company’s pricing and eligibility platform. Specifically, the enhancements are to LoanDecisions’ Pipeline Management Tool, which now includes the ability to create custom statuses for locked loans and the inclusion of additional reporting fields for enhanced compliance tracking. Also, the LoanDecisions pricing form now supports expanded pricing characteristics related to the HomeStyle Renovation Mortgage. LoanDecisions is the mortgage loan pricing and eligibility solution that is preferred by mortgage lenders who need more comprehensive investor data and an intuitive user interface that supports rapid user adoption. Users of the Pipeline Management Tool can now add up to 10 custom lock statuses to track loans from lock through close, funding and sale. In addition, the lock desk reporting feature has been expanded to include 18 additional fields, including status and margin detail that can be used for compliance tracking at the branch and account levels. “Updating the locked status of loans at a more granular level provides lock desk staff with a more complete picture of the mortgage pipeline and an audit trail for better tracking through the lock process,” said Matt Thoman, LoanLogics’ product manager for Origination Technologies. “Lenders can also use the enhanced Reporting Feature to compare the rate, price, adjustments and location of mortgage loans. This can assist them when preparing for a Consumer Financial Protection Bureau fair lending audit where they may need to show auditors that they are offering comparable pricing for borrowers.” In addition, LoanLogics has enhanced the pricing form within LoanDecisions to capture additional loan scenario detail. A checkbox has been added for the HomeStyle Renovation Mortgage that allows a user to view only HomeStyle pricing and eligibility results. Administrators can also use this new loan scenario characteristic to create custom adjusters, margins and guideline rejects through LoanDecisions Advanced Margins settings. “This latest release of LoanDecisions is just one of the many enhancements to the platform that are currently underway,” said Ira Artman, SVP Product Management for LoanLogics. “We have made substantial investments in our platform to stay ahead of the competition and help our lenders to achieve their goals from both a profit and risk perspective."
Published
Aug 07, 2013
More from
Tech
Redfin Expands iBuying Business To Florida

RedfinNow, which makes cash offers for homes, now operates in 34 markets in 16 states and the District of Columbia.

Tech
Aug 11, 2022
MISMO Seeks Public Comment On 3 eMortgage Resources

Updates proposed to MISMO Business Glossary, eMortgage Glossary, and eModification Reference Flyer.

Regulation and Compliance
Aug 05, 2022
Deal With Opendoor Allows Zillow Back Into iBuying Business

As it releases rough 2Q earnings report, Zillow announces partnership with former rival.

Tech
Aug 04, 2022
ATTOM Sells Off RealtyTrac, Homefacts

Websites now the property of Nations Info; financial terms of the deal were not disclosed.

Industry News
Aug 01, 2022
UWM Among Companies Selected To Host AI Bootcamp 

Mark Cuban Foundation’s Artificial Intelligence Bootcamp initiative teaches AI concepts to underserved high school students.

Industry News
Aug 01, 2022
Ribbon Expands into Kentucky; Now In 15 States

Cash-offer fintech expands to Louisville market with partner Finish Line Realty.

Industry News
Jul 26, 2022