LoanLogics Releases LoanHD Investor Module Technology

Posted by Patrick Barnard on July 07, 2015 No Comments
Categories : Residential Mortgage

LoanLogics, specializing in loan quality management and performance analytics technologies for the mortgage industry, has unveiled the LoanHD Investor Module for Correspondent Loan Acquisition, a Software-as-a-Service and portal technology that automates an investor's purchase of loans from correspondent sellers and addresses all aspects of loan acquisition.

According to the company, this technology addresses every step in the loan-acquisition process, including the correspondent application workflow and approval process, the pricing and management of the transaction, and loan funding and service on-boarding.

LoanLogics says its automated document and data processing capabilities are fully integrated within this module, increasing the number of loans that can be completed in the pre-funding review process. Further, missing documents are automatically identified before the audit review beings.

‘We deliver a complete, automated solution that eliminates the need for lenders to license multiple systems requiring additional customization and expensive integrations that then need to be maintained,’ says Brian K. Fitzpatrick, CEO and president of LoanLogics.

‘Nor do investors and correspondents have to address CFPB vendor management requirements across multiple providers – such as loan origination systems, pricing and product eligibility engines, due diligence providers, Web portal technology, and reporting and analytics – because the module delivers all these capabilities on a single, integrated platform,’ Fitzpatrick adds.

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