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PCLender Loan Origination Software
PCLender's loan origination software is distinctive in the marketplace. This easy-to-use, Internet-accessible system is defaulted with best practices rules yet offers customized workflow, and implementation is fast, well defined, and affordable. Your company's data is securely hosted, eliminating the need for additional technology hardware and service expenditures. Simply connect to the application using your company's designated ID and user authentication.
Unique features provided in PCLender's loan origination software and mortgage lending software include the ability to print e-mail or e-sign more than 3,000 forms directly from within the program, and manage workflow using the integrated status sheet, access to vendor interfaces, loan summaries, and data checks. Pipeline and management reports based on specific search criteria allow you to make more effective business decisions. PCLender provides seamless lending technology to support the management and development of your mortgage lending business.
PCLender provides seamless lending technology of the following loan origination software components:
Borrower's inquiries are received via your website or by your Loan Officers through an easy interview style interface from anywhere a PC has Internet access.
Obtain instant merge or full residential mortgage credit reports within 30 seconds with the click of a button.
Once the data is imported all information pertaining to account names, payments, balances, and monthly payments is listed in the PCLender system. Additionally, credit scores, fraud detection and OFAC alerts are available.
Integrated data checks are continously updated and monitored at variuos stages of loan processing.
These checks identify missing or incorrect data and clearly explain how to resolve workflow or missing data issues.
Two way interfaces provide users with a more efficient method of approving loans and simultaneaously reduces data input or approval inconsistencies.
Data is validated within the PCLender system, electronically sent to a choice of Fannie Mae, Freddie Mac, or Countrywide's CLOUT AUS systems.
Once findings have been completed the results can be printed.
Status items and loan conditions are based on the characteristics of the loan data can be customized to support the lenders workflow process.
Status can be provided online to borrowers or key contacts such as real estate agents.
Over 1,000 print forms are available and bundled into groups based on the loan program and customer data.
Forms can be printed or e-mailed and automatically populate for the application, initial disclosures, closing documents, HUD/VA specific forms, investor specific forms, and various forms used for loan processing and administrative purposes.
Security levels allow you to control who sees or can issue various forms.
Appraisals and preliminary title reports can be ordered directly from the system via email and customizable email templates.
Appraisers and title contacts are managed in a preconfigured vendor contact manager.
Orders are tracked in the conversation log, status items and due dates auto-populate the status log and condition sheets once ordered.
Final values assist with secure data collaboration and are automatically created based on the status of the loan and the status workflow.
Security rights based on preconfigured user settings and determined what fields can be viewed, edited, and monitored for data changes.
Final automated underwriting is completed to validate processed data.
Tools are in place to archive all AUS findings and data "Snapshots" record what information was submitted for each AUS request.
Closing document preparation can be completed via the systems supported print forms or with securely integrated third party vendors.
Additionally, escrow instructions, wire breakdowns and internal accounting forms are completed and available for email or printing.
Stacking sheets and specific investor cover sheets are printed directly from the system reducing the workload on your shipping department and enabling maximum delivery effectiveness.
Checklists are configurable and items can be marked directly in the system for easy tracking of what was shipped.
Post closing item tracking is accomplished within the system to ensure complete delivery of loans to your investors.
Track shipped dates, company and tracking numbers. View any missing items in a single report.
Technology Specifications
PCLender's loan origination system is a "thin client" application, meaning it can be operated from most Windows-based computer workstations using a standard Internet connection.
Recommended hardware and operating systems are as follows:
- PC with 1 gigahertz or higher processor clock speed
- 1 Gigabyte of Ram
- Windows XP or Vista
- 45 Megabytes of available hard drive space
- 1024 x 768 video adapter and monitor
- 2 Monitors recommended for Imaging
- Broadband Internet Connections
- Firewall and Virus protection.
PCLender's loan origination system is written in CodeGear's Delphi. It is based on a relational database structure that offers superior speed; eliminates restrictions on critical information such as number of borrowers, assets, and liabilities; and provides a scalability path for thousands of simultaneous users.
Software updates are loaded automatically when a user logs on. User rights configured by the lender administrators determine what loans can be accessed and what activities can be performed on a loan. User rights may also be configured for limited data editing based on the status of loan files.
Single or multiple files may be imported or exported in Fannie Mae 3.0, Fannie Mae 3.2, or the MISMO format utilized by Freddie Mac to exchange data from other LOS or to proprietary automated underwriting systems. Reports with user-defined fields for individual records can have data exported in ASCII, dBase, Paradox, or Comma Delimited format. This allows simple integration with lead generation, marketing, contact management, payroll, servicing, and reporting programs in a manual report or automated batch process.
Web services are available for seamless technology integrations to read and/or write to proprietary lead systems and accounting, servicing, and reporting tools.
For an item-by-item comparison of loan origination and compliance platform solutions, click here.
Click here to request an assessment.
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PCLender Loan Origination Software - the Total Mortgage Solution - comes in three separate modules to meet the unique needs of lenders of all sizes and types.
No matter what your business model, there is an InHouse Mortgage solution that is right for you!
Click below for more information on:
For an item-by-item comparison of loan origination and compliance platform solutions, click here.
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