Easy and Accurate Loan Setup
Provide your originators with instant online access to loan registration. It's fast. It's simple. A set of key deal data is required to enable the system to render back specific eligibility results for one deal or a multitude of deals allowing the Originator to select the one that best fits their borrower's needs. Retail and Wholesale Originators have three ways to register a loan via the Loan Origination System: a 3.2 (soon to be DU 3.4) file, a DU/LP Casefile ID, or they can enter the data manually. Delegated Correspondent Originators have one additional option. For Non-QM products, Delegated Correspondents are enabled to upload a specifically formatted excel spreadsheet that syncs with several third-party fulfillment provider's requirements making Non-QM delivery extremely simple.
Originators select from a list of eligible deals and then select a rate, price and lock term from the table of values returned from the decision engine. Originators then register the loan, and if they are permissioned can immediately proceed to loan lock.
Driving loan volume is hard but, the loan boarding process supported by the LendGenuity Loan Origination Software is easy and efficient. Automate closing costs using templates and our integrated partner services makes fee quoting instant. Limit mistakes with an instant fee test to insure you are originating a compliant loan. Once the loan has made it through the registration process, automated initial e-disclosures are ready to fire! Lock in the loan, upload pdf documents to loan conditions and submit the loan to Underwriting all with a few key strokes. Your originators will love the ease of this process!