iMort™ Lender: Loan Manager

Managing the data on a loan file from origination through investor funding can be very challenging and there are very few options for small to mid-sized lenders. Mortrax is in the process of building a comprehensive loan management system specifically designed to fill the void between loan origination (LOS) and servicing systems. As part of the Mortrax suite of products and services, the Loan Manager is an unbeatable solution.

When a loan becomes part of the corporate pipeline, attention to accuracy is of the utmost importance. Mortrax created the Loan Manager module of the iMort™_Lender system in order to provide lenders with a centralized data source for the loan as it passes from point of sale, and through the underwriting, locking, investor sale, commission payment, and accounting functions. Now it is possible for each department to share the same data, and areas like Secondary Marketing can be notified electronically when loan changes are made which eliminates costly human errors. However, when a loan is being researched for an occasional loss, the Loan Manager will help your company pinpoint the area of concern.

The Loan Manager tracks every revision to a loan file throughout the life of the loan so that there is never a question as to when, or by whom, the change was made. And if your originators or operations staff needs to check program eligibility or best pricing availability, the loan can be sent into the iMort™_Engine with just a couple clicks. It may be possible to save tens of thousands of dollars per month using the combination of the Loan Manager and the iMort™_Engine to ensure that loans with last minute changes prior to closing are not violating program guidelines or pricing structures.

Imagine being able to have corporate accounting, and profitability on a loan level basis without any un-necessary duplicate data entry. The ability to export loans to another system, if necessary, is a simple and user friendly function. With the multitude of origination, secondary marketing, and accounting reports, your company will be empowered with the most accurate and efficient loan level analysis possible in today’s lending 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.