Standard industry documents for 51 jurisdictions that are monitored and kept compliant with federal and state rules and regulations as well as investor requirements
Seamless automation: Originate, document and service
Origination features
Early Disclosure documents that are compliant with current loans [e.g. TILA-RESPA Loan Estimate, GFE, Homeownership Counseling Notice, etc.]
Controlled product templates with pre-configured policies and documents workflow interfaces for upfront services [e.g. Credit Bureau, ATR/QM, HOEPA/HPML]
Automated business rules and calculations performed by the system
Closing documents that are compliant with current loans [e.g. HUD Settlement Statements, Closing Disclosures]
Business-to-business workflow interfaces to closing service providers [e.g. Flood Determinations] and exports to enable downstream workflows
Assumption documents and workflow capabilities that can be extended to Home Equity Closed-end Loans
- An assumption business process that’s controlled from within a single system
- The ability to manage timing requirements around tasks by all parties involved in the transaction
- The ability to manage the sending and receiving of electronic versions of documents (PDFs)
- Configurable workflows and tasks that assist with process management and user work queue visibility
- Efficient collaboration between all parties involved in the assumption including initial Application from Borrower
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