PCLender - Company History

In 1994, dissatisfied with the software options available for the mortgage industry, a group of entrepreneurs envisioned and built a loan origination system with user-friendliness at its core. The software was designed to manage the loan process from origination to closing, while providing all the necessary print forms needed to run a successful business.

Over the next few years, PCLender expanded development of the solution, leading to the creation of the Loan Origination System (LOS) application. In 1999, PCLender.com was formed to market the software in a bundled package including hardware, compliance and mortgage banking services.

PCLender has continued to expand and refine its product line capabilities, from imaging and online applications to secondary marketing, warehouse line management, and loan level reconciliation, consistently remaining ahead of the market.

Today, our management team is comprised of executives from the mortgage, technology and financial industries, whose expertise ensures that we exceed our customer's expectations.

In House Mortgage® processing software was designed and developed to provide an automated system capable of tracking loans from origination through closing.

In House Mortgage® is implemented in a regulated environment.

The web based "thin client" version of the LOS is released

PCLender is formed to market and support the InHouse Mortgage® software in a bundled package including software, hardware and support services.

PCLender introduces the Application Service Provider (ASP) service and hosts data servers in a professionally managed co-location facility. PCLender completes the interface to Fannie Mae's Desktop Underwriter automated underwriting system.

PCLender introduces Online Applications; the dynamic web based online applications, providing customers with a practical avenue for obtaining a loan application. PCApproval is introduced to accurately provide efficient mortgage rate distribution for participants and assist mortgage customers with the resources necessary to make informed borrowing decisions.

A suite of secondary marketing tools is released, providing a superior means in assisting our customers with their secondary requirements. PCLender added interfaces to Freddie Mac® Loan Prospector® and Countrywide's Loan Origination and Automated Underwriting system (CLOUT). PCLender products are 100 % compliant with the HMDA 2004 requirements. Automatic program pricing is added to our flagship LOS product InHouse Mortgage®.

PCLender upgraded its data center facility to a SAS 70 Level II, internationally recognized facility in California. The new facility provides strict controls on both physical and network access improving overall data security for our customers. The network enhancement also includes hardware upgrades, load balancing capabilities, and improved monitoring tools. Security rights bundles are established to create increased user management based on loan status.

The introduction of enhanced table support simplifies systems management. The InHouse Mortgage® LOS system provides integrated support for product pricing, guidelines, and loan conditions for conforming, Alt-A, and sub-prime loan programs. Configurable template Web sites are offered for retail and wholesale business channels. Web services are made available to lenders requiring robust integration into third party applications.

PCLender upgrades its License tracking to state level for lenders, originators, and third party originators. PCApproved, the dynamic online consumer application completes integration with Freddie Mac's® Loan Prospector® and adds Spanish and Chinese language options. Enhanced table configuration is completed for Home Equity Line of Credit (HELOC) lending programs.

Warehouse line management and loan reconciliation tools are added to allow lenders a more accurate perspective on loan level profitability and staff performance.In addition, PCLender introduced advanced imaging capabilities enabling lenders to scan and include any documentation with a loan file.