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The Wholesale Origination Website is a comprehensive, web-based mortgage origination tool specifically designed to support Wholesale and Correspondent mortgage lenders by streamlining the Lender/Broker relationship. The Wholesale Origination Website automates the mortgage origination process, enabling a broker to manage all aspects of the application process, from lead through submission.

Designed by mortgage professionals for mortgage professionals, the Wholesale Origination Website is an interactive, secure, broker-centric system designed to provide self-service for a Lender’s Wholesale Broker community.

Market Proven Solutions

• Over 20 years of mortgage technology experience
• Approximate savings of over $200 on every closed loan
• Supports multiple loan types, including Conventional and Subprime
• Rapid implementation and deployment
• Major lender client base

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	Key Features

Website Functionality

All features of the Wholesale
Origination Website have been
designed to mirror the loan
origination process, enabling
the Broker to:

• View real time loan status
  information, condition details
  and loan notes directly from LOS Studio
  
• Efficiently store and manage
  an entire pipeline of loans
• Create applications directly via the website or upload
  applications from existing Loan Origination Systems
• Run modeling and pricing
  scenarios
• Register a loan or lock a rate
• Order credit reports from major credit bureaus
• Submit applications to Automatic Underwriting
  Systems (AUS)
• Submit change requests
• Electronically submit an
  application to a lender
• Monitor ongoing loan status
• Instantly access current rate
  sheets and other information
• Print mortgage documents
  including: 1003, GFE, TIL, credit reports and AUS results

Key Features & Descriptions:

Benefits:

Automated Decisioning Engine
Delivers multi-product, real-time, risk
adjusted eligibility, pricing and qualification

Improves Broker satisfaction and customer lead
conversion rates by providing instant decisions
at the point of sale

Fannie Mae (DU) and Freddie Mac (LP) Connectivity
Get an automated underwriting decision in seconds

Link to AUS Systems for instant approval

Lender Specific Conditions/Stipulations
Enables Broker to inform borrower of any additional conditions for eligibility

Lender has the ability to customize loan product and transaction specific conditions for display to the Broker

Independent Credit Orders
Instant access to credit reports from all major credit bureaus

Users can request independent credit reports, separate from AUS

Comprehensive Loan and Transaction Type Capacity
A loan product for every borrower

Loan Types: Conventional, subprime, conforming, non-conforming, interest only

Transaction Types: Purchases, 2nd mortgages, refinances

LOS Application Integration
Instant conversion capabilities make the Lender’s software attractive to a Broker

Upload of previously keyed loan applications from existing LOS systems

Pipeline Tool
Efficient pipeline management will yield greater closing results

A comprehensive business management tool to support all aspects of Broker’s loan pipeline

Registration and Rate Lock Requests
Provides quick and efficient communication with Lender on behalf of the customer

Brokers may register a loan and/or lock a rate electronically, and without entering a complete application

Modeling & Pricing Scenarios
Brokers may perform multiple “what if” scenarios with basic application data

Includes a modeling and pricing tool for testing a sub-set of customer data against multiple loan products

Validation Feature
Only complete applications may be submitted to the lender and/or AUS, saving time and ensuring accuracy

An intuitive auto-edit process that ensures all
required data elements have been completed

Reporting System
Five standard reports are integrated into the system and more are available by licensing the full reporting tool

Lenders can easily run reports on volume and units

Exception Handling
Brokers may identify scenerios outside of the guidelines

Lenders receive these applications marked as exceptions and they also have the ability to create specific rules for exceptions

Loan Status
Brokers are kept up to date on loan status information after submission to lender

Lenders are provided with options to handle the
display of post-submission loan details to
Brokers