"loan origination software" Virtual Loan Officer automation

Loan Origination Software

Loan origination software one of the challenges all Brokers face is the cost involved prescreening and underwriting files that are "just outside" of guidelines.

Our loan origination software allows a LO to instantly know whether their loan can be approved or not and why or why not.

If these files were run first on the Virtual Loan Officer™   the file would be pre-qualified to meet these guidelines and be priced accordingly. .

The Virtual Loan Officer™ makes all of your products available. This translates into expanding your market while saving on origination costs.

Brokers and other loan originators no longer need to know the rules for products from several lenders in order to receive and compare loan programs and rates. They simply enter their loan data into the one page interface of the Virtual Loan Officer™, which contains all of your loan programs and rates, and all of the programs (and rates) for which they qualify are displayed for comparing and providing the best products for your customer in a instant.

The VLO has Etraxx a pipeline tacking system with management hierarchy viewpoint for better management all built in .

Tracking your pipeline and the LO's you manage has always been a challenging task for most.    Etraxx system will allow you full control over your pipeline. Etraxx will show you all activities with a time line for quality control and even has a section for seeing and inputting comments for all LO's, managers, processors and underwriters you have in your organization. The Etraxx increases your profitability.

Virtual Loan Officer does it all in one stop!

Loan Origination Software

In many loan origination software programs a borrower's loan details cannot be approved in a particular loan program because of certain flexible parameters that, if slightly altered, would allow approval. These flexible parameters include items such as length of prepayment penalty, interest only, use of mortgage insurance, agreement for impounds, etc.
The Virtual Loan Officer™ intuitively notices these situations, adjusts the parameters, and approves the borrower subject to these simple adjustments. This feature eliminates "just missed" denials.
Virtual Loan Officer™ will provide combo loans as well as stand alone seconds and Helocs.
You will be able to get up to 100% financing on combo loans with complete details on blended rates and payments. Included is a compatibility engine to make sure the loans are compatible with each other. This feature is a one page submission to lessen application time.
To find the most appropriate program, a valid credit report is required. The VLO provides the ability for loan originators to instantly pull credit, price, place and approve a loan.
It will give you the payments for your client and provide you with the YSP in a instant. It provides all guidelines and underwriting for over 2000 loan products in a instant. It will take a complete 1003 fully compatible with any Fannie Mae 3.2 program manually or by file upload.
VLO computes the debt to income from the pulled credit report and ties it to a fully approved list of loans. You pick the loan and it is a fully approved loan subject to appraisals and review of supporting documents. You will be able to print out a approval letter for your client within minutes.
Virtual Loan Officer™ Gold Processing System
Our Gold Processing system is fully integrated in the VLO. We have available processors for you to use or as a option you can have your processor enroll to use our Gold Processing system. Call for our customer relations department at 209-586-4769 for details
Our Loan origination software the                                    Virtual Loan Officer™  does it all for you.
Why would you use any other product.