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Top Financial Software for Loan Correspondents: Streamlining Origination and Servicing
Originating and servicing loans is a complex and time-consuming process, but it doesn’t have to be. With the right financial software, loan correspondents can streamline their operations and improve their efficiency.
Here are the top financial software programs designed specifically for loan correspondents:
Encompass Loan Origination System (LOS)
Encompass is a comprehensive LOS that automates the entire loan origination process, from lead generation to closing. It features:
- A user-friendly interface
- Automated underwriting and pricing
- Integrated document management
- Mobile access
- API integrations with other software
Ellie Mae Encompass LOS
Ellie Mae Encompass LOS is a cloud-based LOS that offers a wide range of features and integrations. It includes:
- A customizable dashboard
- Real-time loan tracking
- Automated compliance checks
- Mobile apps for loan officers and clients
- Integrations with CRM and accounting software
Calyx Point LOS
Calyx Point LOS is a web-based LOS that is known for its ease of use and affordability. It features:
- A simple and intuitive interface
- Automated underwriting and pricing
- Integrated document management
- Mobile access
- Free training and support
Velocify Loan Origination Software
Velocify Loan Origination Software is a cloud-based LOS that is designed to help loan correspondents close loans faster. It features:
- A lead management system
- Automated underwriting and pricing
- Integrated document management
- Mobile apps for loan officers and clients
- Integrations with CRM and marketing automation software
Mortgage Cadence Loan Origination System
Mortgage Cadence Loan Origination System is a cloud-based LOS that offers a wide range of features and integrations. It includes:
- A customizable dashboard
- Real-time loan tracking
- Automated compliance checks
- Mobile apps for loan officers and clients
- Integrations with CRM and accounting software
Loan Servicing Software
Once a loan has been originated, it needs to be serviced. Loan servicing software can help loan correspondents manage their loan portfolio and provide customer service.
Here are the top loan servicing software programs:
Black Knight LoanSphere MSP
Black Knight LoanSphere MSP is a comprehensive loan servicing software that includes:
- Loan accounting and tracking
- Customer management
- Reporting and analytics
- Mobile access
- API integrations with other software
Fiserv LoanServ
Fiserv LoanServ is a cloud-based loan servicing software that offers a wide range of features and integrations. It includes:
- Loan accounting and tracking
- Customer management
- Reporting and analytics
- Mobile apps for loan servicers and borrowers
- Integrations with CRM and accounting software
OpenClose LoanServ
OpenClose LoanServ is a web-based loan servicing software that is known for its flexibility and affordability. It features:
- Loan accounting and tracking
- Customer management
- Reporting and analytics
- Mobile access
- Free training and support
Finastra LoanServ
Finastra LoanServ is a cloud-based loan servicing software that offers a wide range of features and integrations. It includes:
- Loan accounting and tracking
- Customer management
- Reporting and analytics
- Mobile apps for loan servicers and borrowers
- Integrations with CRM and accounting software
Conclusion
By using the right financial software, loan correspondents can streamline their operations, improve their efficiency, and provide better service to their clients.
To learn more about the benefits of financial software for loan correspondents, call Fundingo toll-free at (877) 227-7271 or visit their website.