LoanSifter, a provider of Web-based loan product eligibility and pricing tools, has released its new eOriginations point-of-sale (POS) platform, which the company describes as the mortgage industry's first consumer-facing POS origination platform that combines real-time pricing technology with a customizable, online mortgage application.
eOriginations provides an opportunity for lenders to take advantage of the increasingly tech-savvy consumers shopping for mortgages on the Internet. Supported by the company's back-end automated pricing engine, eOriginations incorporates credit reports, eligibility and pricing, annual percentage rate calculation, good faith estimates and disclosure documents.
The POS platform integrates with Wolters Kluwer Financial Services and many credit vendors, including Kroll Factual Data and CBCInnovis, LoanSifter says. eOriginations also integrates with existing loan origination systems and is available through several pricing options.