PCLender Launches Update to Its LOS

PCLender has announced the release of its next generation LOS that supports consumer direct, retail, wholesale and correspondent business channels, has a new user interface, and provides many new features, such as paperless document management, investor delivery and record archiving. The system can be customized with ease, so that lenders don't need to have in-house IT people customize their LOS systems. Industry best practices are pre-configured, and fine-tuning is as simple as tweaking the presets that come built-in.

PCLender's next generation LOS: Supports consumer direct, retail, wholesale and correspondent business channels; offers easier navigation with new user interface; supports real-time work queues and dashboard reporting; offers paperless document management, investor delivery and record archiving; automates workflow to improve service levels and reduce costs; and offers system complexity including data protection and disaster recovery managed by PCLender.

"These features mean lenders can focus on growing their business rather than on technology and integrating various systems and vendors," said PCLender CEO Lionel Urban. “Rapid improvements to origination technology over the last two years, combined with the large scale withdrawal from the mortgage market by the largest banks, has led to what Urban refers to as "a potential golden age for mid-size and smaller lenders."

Additionally, PCLender's integrated pricing, eligibility and secondary marketing tools are providing small- and mid-sized lenders with big gains in pricing and loan delivery.