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Criterion Systems Development/Business Edge

Features and Benefits of LoanVision 3

Overview

  • Fill out the actual forms on-screen (What you see is what you get)
  • Easy navigation
  • No duplicate data entry
  • No limit to the amount of data you can enter per loan (our main competitor limits how many employers, previous residences, deposit & liability accounts and real estate owned)
  • Databases of your lenders, appraisers, credit bureaus, title & closing companies, including automatic lookup tables of the fees they charge
  • "Drop in" custom forms and reports
  • PreQualification - Calculate ratios, maximum loan/property value or required income
  • Document Tracking checklist
  • Call/Communication log
  • Workflow control allows you to pass loans to other users based on status
  • Restrict individual users to their own transactions
  • Create your own loan program definitions
  • "Database Forms" allow you to create multiple versions of a given form, for example a Good Faith for every proposed loan program
  • Import/Export data to other programs
  • Dynamically link data to other programs, such as Microsoft Word
  • Optional Goverment Loans Module
  • Optional Custom Reports Module
  • Optional Multiuser database access
  • Optional Contract Processor Module

Forms & Disclosures

  • 1003 Loan Application
  • Employment Verifications
  • Deposit Verifications
  • Mortgage & Rental Verifications
  • Good Faith Estimate
  • Truth in Lending/Reg Z
  • 1008 Transmittal Summary
  • Loan Status & Approval form
  • Credit Authorization
  • Appraisal Notice
  • Servicing Disclosure
  • Brokerage Contract
  • Purchase Agreement Amendment (Government Loans Module)
  • Rate & Discount Statement (Government Loans Module)
  • HUD/VA URLA Addendum (Government Loans Module)
  • VA Request for Reasonable Value/Appraisal Application  (Government Loans Module)
  • LAPP Report - Lender and Borrower (Government Loans Module)
  • VA Refinance Proposal  (Government Loans Module)
  • VA Loan Analysis (Government Loans Module)
  • Certificate of Commitment (Government Loans Module)
  • Rate Reduction Worksheet (Government Loans Module)
  • Homebuyers Notice (Government Loans Module)
  • Mortgage Credit Analysis Worksheet (Government Loans Module)
  • DE Approval (Government Loans Module)
  • Underwriter Certification (Government Loans Module)
  • Conditional Commitment (Government Loans Module)
  • ARM Disclosure (Government Loans Module)

Included Reports

  • Document Tracking for active loans
  • Document Tracking needed today
  • Active Pipeline
  • Pipeline/Status (Including missing docs)
  • Closed Loans
  • 30 Day scheduled closings
  • Production Breakdown (for assistence with filling out Broker to Lender applications)
  • Loan Log
  • Mailing Labels
  • Call Log