Faced with unprecedented risks for noncompliance, lenders are focused on the pursuit of the perfect loan process. DataTrac Originator is a point of sale (POS) solution that provides the tools to optimize that process with complete applications and accurate disclosures.
Empowering loan officers over the web
Used by your loan officers and processors, DataTrac Originator quickly gets the borrower off the street and in your pipeline. Business rules for RESPA & MDIA assure your compliance starts off and stays on the right track.
This fully web-enabled application gives your staff the flexibility to access the software anywhere an internet connection is available. This reduces your network and administration costs while giving you the ability to expand operations quickly. Your data resides in a SQL database – there is no flat file architecture or folder management.
As a seamless part of the end-to-end DataTrac Suite, you get the performance and flexibility you need to grow and control your production.
DataTrac Originator product highlights include:
- Assure compliance with embedded RESPA and MDIA quality checks
- Customizable business rules enforce your policies
- Task tracking and alert systems keep your loans on schedule
- Web-enabled technology supports both offline and online users
- Increase professionalism and service of loan officers with one-click sales tools
- Streamline workflow and reduce errors with hundreds of integrated services
- Pre-configured and customizable reporting system
Ensure Compliant Disclosure Preparation
Business rules guide you through RESPA, Reg Z, HPML, and MDIA requirements and stop the user before it is too late.
A Virtual Mortgage Coach
Whether its MIP guidance or catching common impound set-up errors, feedback messages help you get the loan right from the beginning of the process. Auto-fill functions eliminate manual, error prone calculations.
Unlimited GFE Scenarios per File
Originators can quickly create and toggle between unlimited GFE scenarios for a borrower without having to copy files or re-factor associated loan data.
Working Your Pipeline Is Quick and Easy
Quickly identify problem loans, see a list of all issues and take corrective action all from your pipeline view.
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