Mortgage Banking Software, Mortgage Compliance

Mortgage bankers are serious about adopting enterprise business management and risk mitigation practices. Executing quality lending processes requires a focus on best business practices from an enterprise vantage point. From origination to post-closing, bankers have a renewed appreciation for individual loan compliance and profitability. For many bankers, hosting their own enterprise technology infrastructure creates an unnecessary cost burden and distracts their focus from quality lending.

PCLender is the only enterprise mortgage lending platform built on - not adapted to SaaS. Bottom line - unsurpassed value with an implementation guarantee.

PCLender understands that mortgage bankers need to adapt to efficient and accurate systems. This is evident now more than ever, with competitive pressures requiring reduced costs, higher levels of service, and stringent quality and compliance controls. More than anything, mortgage bankers need to simplify infrastructure in order to focus on lending strategies.

That is why PCLender built and continues to develop the most powerful, secure, comprehensive and cost-effective enterprise mortgage lending platform in the industry. It is also why we created a suite of practical solutions to operate seamlessly in a completely Web-based environment. Our solutions provide an unprecedented level of communication and management across the entire complex, multifaceted mortgage banking process.

Our services are anchored by our PCLender enterprise lending system, which enables mortgage bankers to monitor and manage what matters most. Delivered via SaaS, the loan origination system (LOS) is hosted and managed by PCLender's mortgage technology experts.

By utilizing PCLender's LOS, you eliminate software ownership and related costs, implementation nightmares and security concerns in favor of a common-sense "pay for what you use" approach, which is the future of mortgage business software.

Our thirty to ninety-day standard implementation saves companies thousands of dollars in staff expense up front and delivers immediate return on investment.

Since ongoing maintenance fees are based on closed units, if the volume of closed units goes down, lenders will not be over invested in technology.

When volume increases, lenders can substantially increase the number of employees and branches without additional technology investments or changes in the business process.

We provide a "life of the loan" solution with best business practices and compliance integrated at every step. Through tables professionally managed by PCLender, mortgage bankers are provided simple custom- rules templates for fees, print forms and status items to create efficiencies with standardized processes for originators, processors, underwriters, closers, secondary departments and compliance users. These business rules can be easily modified to meet your individual needs.

PCLender's LOS includes a centralized system database that permits management reporting to accurately track new and historical business results. We typically co-manage tables and business rules with you, depending on your specific needs and available resources.

More than sixty standard reports are available to track your business from inquiry and processing to secondary marketing and post-closing. Using an enterprise data repository, you can track loan generation and processing in granular detail. This detail includes any missing items or data, and can identify "revenue leaks," leading to greater staff accountability. Data can be integrated into servicing, hedging, bulk sales, and accounting with a simple two-step process, or can be fully automated through Web services.

PCLender allows mortgage bankers to link daily rate sheets directly to the loan program table and rule-based price adjustments simplify accurate loan program quotes. Locks are managed within the mortgage lending software system to accurately track the cost of funds, delivery deadlines, and transaction fees associated with loan delivery. Warehouse lending tools automatically calculate and track maximum advances. Loans can be fully reconciled within the application, and loan level profitability can be reported by product type, origination source, investor, and more.

Click here to request assessment for the PCLender mortgage banking enterprise lending software solution.

PCLender is designed to help lenders, especially financial institutions such as banks and credit unions, meet compliance requirements. Our fully hosted design enhances data protection, with a host of compliance features and functionalities that make PCLender the leading mortgage lending technology partner for midsized institutions.

PCLender maintains SAS 70 Type II Certification. This certification demonstrates that our operational processes and controls meet superior standards of security, reliability and availability--an assurance that our clients can pass on to their own customers.

SAS 70 Type II certification is one of the most stringent auditing standards for service companies. PCLender's SAS 70 Type II certification verifies that we deliver fully secure, reliable, effective operating environments with the proper controls for conducting high availability IT and Internet operations. Thirdparty auditors conduct annually the SAS 70 Type II audit, which requires meticulous reviews and tests of PCLender operational procedures and controls.

The SAS 70 Type II audit included comprehensive reviews and tests of PCLender's infrastructure, including power, physical and electronic security measures, backup and recovery procedures, customer setup, network security, maintenance procedures, infrastructure change management, environmental safeguards, communications, customer service, management and user controls.

SAS 70 was developed by the American Institute of Certified Public Accountants (AICPA) for service providers that wish to demonstrate a high level of control effectiveness to independent auditors. It has become one of the most widely recognized auditing standards for service companies.