The latest version of NetOxygen improves every touch point in the loan process, meeting new standards and regulatory compliance, and features enhanced user interface improvements, including:
►Enhanced user experience:
Featuring an updated dashboard, updated displays of alerts and a refreshed work item task list, as well as batch upload and uniform loan delivery dataset import, to improve efficiencies in the bulk purchase of loans.
►State-of-the-art automatic document recognition service: An updated ADR service that helps processor productivity by recognizing loan documents in a package and displaying the individual documents.
►Increased transparency/communication between lenders and borrowers: Through NetOxygen Communication Services, lenders can use email and SMS services to draw the attention of interested parties and improve active communication.
►Refresh and redesign of strategic integrations: These integrations help streamline loan manufacturing and provide an improved user experience.
►Updates that support Uniform Residential Loan Application compliance: Compliance with URLA guidelines, which will be required of all lenders beginning Nov. 1, 2020.