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InHouse Mortgage® Express PCLender's InHouse Mortgage Express is a comprehensive mortgage lending business software system configured on best practices upon implementation. This streamlined version of our full enterprise LOS simplifies the mortgage process even more for lenders who require less functionality and want to minimize maintenance. Brokers becoming bankers, and community financial institutions, will find InHouse Mortgage Express is the ideal tool to get up and running, and to ensure that things stay on the right track. Designed to improve functional efficiencies and reduce overhead, InHouse Mortgage Express simplifies the lending process and lowers implementation and maintenance. In addition to delivering the functionality you need in an integrated system without the costs of a full enterprise LOS, InHouse Mortgage Express provides the capabilities for:
It is widely accepted that technology has leveled the field for mortgage lenders of all sizes. Today it is the delivery of technology via SaaS that offers the greatest impact on operational efficiency, risk management (security and compliance), and profitability. Most non-vendor mortgage technology experts agree that SaaS is the future of mortgage lending business software. If your current LOS provider is not ready to tell you this, it is because they are not ready to deliver and cannot match the InHouse Mortgage Express pricing model or its infrastructure security and maintenance commitments. InHouse Mortgage Express features include: Browser Tools
LOS Functionality Origination Loan data summary and reporting: Access your mortgage loan pipeline using the integrated search and reporting functions. A single summary screen provides a convenient overview of key loan information. Automated credit grading: This feature ensures that loan transactions are consistently graded based on imported credit report data. Subprime pricing is accurately provided based on this credit grade along with loan-to-value parameters. Data security and integrity: Data checks with pass, fail, and warning prompts are provided throughout the system to ensure that information is gathered completely and correctly for automated underwriting systems, HMDA, and general loan processing. Final values: Lock down information by recording changes to select fields. The final value tool records the original value, the changed value, and the user's reason for the changes. Security and compliance management: State licensing requirements can be tracked and linked to business rules for loan originators, branches, brokers, and vendors. Multiple license types can be managed by type of lender, lien position, or state licensing type. High-cost lending rules may be implemented to ensure that loans are properly disclosed and/or made. Audit logs are available to track field level changes, the issuance of disclosures, automated underwriting system findings, and e-mails sent from within the LOS application. Contact management: Contacts and companies associated with a loan, including escrow, title, appraisal, real estate agents, brokers, and investors, are easy to access during the loan process. Document data security: InHouse Mortgage Express was designed with data security and compliance in mind. Administrators can select different levels of security and assign passwords for both individual users and companies. This includes field-level security that may be triggered based on the loan status. Customer data is not stored on workstations, and user rights may be configured to eliminate data exports. Interfaces Embedded vendor interfaces are provided for credit reporting, flood certifications, mortgage insurance, fraud detection, compliance, and automated underwriting systems. Information automatically populates print forms and applicable screens. User names and passwords can be centrally managed by the user, the branch, or system-wide. Print forms A library of more than 3,000 print forms have predefined rules to ensure simplified disclosure based on the characteristics of the loan applicant. Forms have been created to support initial disclosures, mortgage insurance, prepayment penalty, ARM, and other lending criteria. These forms support loan origination, processing, approval, closing, and internal business requirements such as loan reconciliation. They may be viewed, printed, e-mailed, or faxed within the LOS application. Fees Generate and auto-populate GFE fees based on the loan parameters, geographic location, and your own business criteria. Base programs and pricing A program picker allows originators to find the best available loan program based on the rate of a note and the lock period. Automated pricing adjustments ensure loan programs are quickly and accurately priced at the time of loan origination. Status-stacking sheets and imaging Warehouse management Lock desk functionality Base reports Custom Tables
Benefits
For an item-by-item comparison of InHouse Mortgage loan origination and compliance platform solutions, click here. Click here to request an assessment.
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