The New Standard in Mortgage Processing Software
Processing a mortgage transaction is a challenging and detailed undertaking. Due to complexity, at times it can be a lengthy, frustrating, and stressful situation. Mortgage operations strive to offer the highest level of customer satisfaction from application to closing. LoanMarq mortgage processing software is a cutting edge web application that efficiently and automatically processes mortgage transactions. LoanMarq mortgage processing software will be the solution your mortgage operation seeks to overhaul your current service challenges.
Mortgage Processing Software Simplified
LoanMarq sets the bar for all other mortgage processing software by creating an online social network for mortgage transactions. It creates a collaborative community that more efficiently moves your mortgage from application to closing. It does this by automatically tracking milestones throughout the mortgage transaction. LoanMarq mortgage processing software then sends updates automatically, in real time, via text and email, to all parties involved.
Origination Milestones
- All parties involved, including contact information
- The amount of time before mortgage is ready to close
- Application date
- Property address and type of property
- Credit report
- Mortgage disclosures and compliance documents
- Letter of pre-approval
- Documentation that is required to process, underwrite, and close the mortgage
- All loan level data (mortgage program type, sales price, loan to value, combined loan to value, loan amounts, interest rates, payments, amortization schedule, when the interest rates were locked, expiration date, and lock confirmation...)
- Expected time of fulfillment for all data
Processing Milestones
- Date required documentation was received
- Whether documentation is complete
- Appraisal type (includes: type, form number, when it was ordered, when it will be fulfilled, the appraisal report, date received, and the appraised value)
- Title Order (includes when it was ordered and when it will be fulfilled)
- Title commitment and date it was received
- Home owner's insurance policy, and the date it was purchased
- Title and home owner's insurance mortgage clause
Underwriting Milestones
- The underwriting date
- Whether the loan was approved; with or without conditions
- All (if any) conditions and stipulations required to complete
Closing Milestones
- Date that closing documents and instructions are delivered to the title agent or attorney
- Closing documents and instructions
- Settlement statement (including the date it was prepared and whether it was approved by the lender)
All of this vital information can be accessed by any party associated with this transaction. LoanMarq mortgage processing software tailors the information and displays based to each party depending on their user type and function within the transaction. LoanMarq mortgage processing software is the rallying point where all parties meet to receive loan status updates, instructions for completing their function, and deliver their completed information.
Increase Profits with LoanMarq Mortgage Processing Software
Customarily loan status updates are handled by your production staff taking them off task. Consequently, mortgage volume never reaches full potential due to inefficient time management. LoanMarq mortgage processing software automates all loan status updates allowing production staff to remain on task and bolster mortgage volume.
Cutting Costs with LoanMarq Mortgage Processing Software
With your increased mortgage volume, LoanMarq mortgage processing software decreases the amount of staff normally required to handle such volume. LoanMarq allows production staff to facilitate the same number of loans in half the time minimizing overall expense.
Mortgage Processing Software Made Just For You!
With your own domain and company name, LoanMarq mortgage processing software maintains (and even improves) your professional image. Access and update information in just a few simple clicks, communicate quickly, and simplify mortgage tracking with LoanMarq mortgage processing software. Once you have experienced the many benefits of LoanMarq mortgage processing software, you too will realize that LoanMarq is the new service standard for the mortgage and real estate industries.
Just hear what some of our happy customers have said about LoanMarq mortgage processing software:
"Clients demand transparency now, and for good reason.
Our customers are much more sophisticated than they were even a few months
ago, so they appreciate the added communication, the constant status updates
and increased visibility into their loan's progress. There's been extremely
positive change on all sides, and there's no way we could go back to managing
loans the same old way."
Rebekah Crane with Choice One Funding
LoanMarq mortgage processing software is a software-as-a-service, web application. No equipment to buy, no set up fees, no contracts, and no termination fees. LoanMarq is offered with a 30 day free trial period, after that, LoanMarq is only $49/mo per loan officer. You are a couple of minutes away from experiencing the highest level of customer service available to the mortgage and real estate industries.
