iMort™ Lender: Program Manager

Before any comprehensive loan decision engine can be built, it is necessary to have an equally comprehensive program management system. The iMort™ Program Manager was designed to handle virtually any loan program available in today’s marketplace, including Conforming, FHA/VA, Jumbo-A, ALT-A and Sub-Prime. To date, more than 2,500,000 pieces of program, pricing and pricing data elements have been entered into the in the Program Manager for the benefit of the iMort™_Engine.

There are many aspects of today’s loan programs that make their administration a significant challenge. Amortization periods, Margin buy-ups and buy-downs, Cap differences, Prepayment and Interest Only variations, complex SRP schedules, inconsistent guideline formats, and a variety of ‘footnotes’ are just a few of the issues that the iMort™ Program Manager is equipped to handle. Our goal was to build the first residential loan program management system that was flexible, scalable and adaptable to any program that an Investor (‘Conduit’) could create for the residential lending community.

For a loan program to be truly ‘managed’, it is necessary to input guidelines, products, pricing structures, pricing adjustments, SRPs, and prequalification items. Mortrax has dedicated more than 4,000 hours of development time to create the iMort™ Program Manager. The result is a loan program management system that allows our users to achieve simple and complete administration of complex residential products, programs and pricing. The power of the iMort™_Engine was made possible because Mortrax ensured that full attention would be given to pricing and products, as well as the program guidelines themselves.

Regardless of how simple a piece of software can make the process of managing programs, products, and pricing … it still requires full time focus and attention. For this reason, Mortrax offers data_management services to our clients that prefer to limit their time and energies to what they do best … make and sell residential mortgage loans. Let our professionals dedicate the necessary time to manage programs for your originators so that your company can use all available resources to increase production and profitability.

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.