iMort™ Frequently Asked Questions

Q - How much does iMort™ cost?
A - The cost depends on the amount of usage and the quantity of investor program guidelines that you choose to subscribe to.  Our products and services are reasonably priced for all sizes and types of lenders.

Q - How can iMort™ help me avoid closing loans with out-of-date guidelines – with the resulting losses?
A - Mortrax constantly monitors all investors in our database for guideline changes. If anything is found to change, we incorporate those revisions within days so that all your employees and customers can have access to the latest loan parameters and pricing.

Q - How does iMort™ help to reduce the effect of the expansion/contraction cycle in the mortgage business?
A - First of all, by using our services for product and pricing maintenance you greatly reduce your fixed costs. Depending on your size, it could be $100k-$200k per year. Second, our technology and services can allow you to quickly find and develop great new niches to boost your volume when the market is down.

Q - Does iMort™ analyze all types of loan programs and pricing structures?
A - Yes.  Currently, there are more than 2,500,000 pieces of loan and pricing data managed within the iMort™_Lender system, including Conforming, Jumbo, ALT-A and even sub-Prime data. Our technology is constantly upgraded to handle any type of transaction, including Conforming EA, Interest Only, No M.I. and other daily facets of various program and product structures.
 
Q - Can iMort™ be used for all business channels?
A - Yes.  The architecture of the system was designed to be flexible and adaptable to all business channels, including Wholesale, Retail, E-Commerce, and Correspondent.  The MasterRules™ component can be used to build different lending restrictions or pricing structures which may apply to a specific business channel.

Q - Do we need to have any special software in order to use iMort™?
A - No. The iMort™ system uses your Microsoft Internet Explorer browser. Most computers today come with that software already installed. If you don’t have the latest version of this browser, you can download a free copy from the internet at www.Microsoft.com/windows/IE.

Q - Won't using the iMort™ service mean I am losing control of my investor relationships and guidelines?
A - Definitely not. We facilitate your relationships and help to streamline procedures, but you are still in charge. Basically, you tell us what you want and we provide the mortgage loan program guidelines and pricing in an easy to use, efficient, and automated environment.

Join the quickly growing list of Mortrax customers, and you will witness an evolution in your business model.  To learn more about the benefits of the iMort™ web-based technology and whether it is the best option for your origination process, contact a Relationship Manager at (305) 444-9010 or (888) 554-9010.