Beanstalk Networks LLC has released License Cop, a component of its OpenClose mortgage automation system that allows lenders to electronically track the licenses of brokerage companies and loan originators.
License Cop verifies state origination authorization and license dates and then allows or denies origination accordingly. A digital document upload feature also enables administrators to upload copies of the actual license for reference.
West Palm Beach, Fla.-based Beanstalk Networks LLC is a software developer and data center focused on the financial services industry. For more information, call (800) 655-6188 or visit www.beanstalknetworks.com.