LRES Enhances Its Client-Vendor Portals for Correspondents and Financial Institutions – NMP Skip to main content

LRES Enhances Its Client-Vendor Portals for Correspondents and Financial Institutions

NationalMortgageProfessional.com
Mar 12, 2015

LRES has launched an upgrade to its client-vendor portals to improve the user experience and serve a broader base of loan officers. The upgraded portal is designed to seamlessly connect correspondent lenders to multiple, qualified affiliated lending institutions in a simplified process to enhance loan originations and accelerate the appraisal process. The re-tooling of the portal-ordering platform caters to client specifications and service types (origination vs. default) when an affiliated lender places an appraisal order on behalf of a correspondent lender within the system.

LRES now also includes a “revision needed” status to flag any rejected appraisals for additional screening that may not otherwise meet industry standards or Fannie Mae’s Collateral Underwriter. Another aspect of the upgrade to promote better quality appraisals is a new automated auto-population of appraisal summary data feature in the vendor portal that parses data from XML appraisal documents upon submission, effectively avoiding manual errors that arise when re-entering the information.

Additional upgrades to the client-vendor portals include newly accepted payment options, such as e-checks for more convenience when ordering an appraisal. 

“Through these enhancements to our technology, we are placing a greater focus on further improving the way correspondent lenders and their affiliated lending institutions interact during the origination of mortgage loans,” said Roger Beane, LRES founder and chief executive officer.

Published
Mar 12, 2015
Open Mortgage Names New President

Joe Stephenson, formerly of American Advisors Group, to lead daily operations.

Industry News
Dec 01, 2021
Homepoint Expands Refinance Program Offerings

Now offers Freddie Mac’s new refinance option, Refi Possible, making it easier for many homeowners with a Freddie Mac-owned mortgage to reduce their interest rate.

Industry News
Nov 30, 2021
Non-QM Lender Deephaven Hires Business Development VP

Dallas-based Tim Fisher charged with growing Deephaven’s correspondent business In Texas and surrounding states

Industry News
Nov 30, 2021
Biden Reappoints Powell As Federal Reserve Chairman

A signal that The Fed will continue its policies as inflation surges and economic uncertainty spikes due to an emerging variant of the coronavirus. 

Industry News
Nov 29, 2021
Servion Taps Sagent For Consumer-First Servicing Tech Stack

A 7-year deal between Servion Mortgage and Sagent will equip Servion with Sagent's tech stack for performing, non-performing, and consumer experience.

Tech
Nov 29, 2021
Guaranteed Rate's Banosian Funds $2B In Total Loan Volume

The mortgage industry shouldn't be surprised by Guaranteed Rate's top loan officer, Shant Banosian, funding $2 billion in total loan volume during a record-breaking year. After all, “The Billion Dollar Man” is one of the top 5 loan originators in the U.S.

Wholesale
Nov 29, 2021