Increase your company's origination channels with exposure to media print, Internet, and personal digital assistant (PDA) Lender listings. With PCApproval online services, Lenders control what services they offer and the frequency that data is updated. Simple tools designed for your Administrator are accessed with a secure login name and password and provide accurate and timely data to and from your customers.

 
Rates
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Rates may be entered by your designated Lender contact 24 hours a day seven days a week and for better product disclosure Lenders may elect to support one, three and five year fixed period ARMs. Additionally, your Lender home page may be hyper linked to Publishers online listings to allow borrowers quick access to your existing web site. This online service provides borrowers simple access to your company's information when they are ready for home financing.

Application
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Applications completed by customers allow multiple borrowers, income types, assets, and liabilities. Once the data is submitted online to your company an encrypted PDF application (1003) is automatically e-mailed to the applicant and directly to your designated contact. Once received mobile phone or pager notifications will alert your designated company contact of the inquiry. Additionally, data is sent in Fannie Mae DU/DO file format ready for importing into most loan origination systems.

Origination
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Decrease loan origination expenses up to 75% with automated loan screening and disclosure services. Information gathered from applicants is credit screened and put through fraud detection services. Once pre-qualified the application and up front disclosures are e-mailed to the applicant via a secured PDF file. For the highest level of accuracy disclosures are created based on your companies fees and may be customized by loan type, property type, transaction type, occupancy, and property location.

  
Rates Application Origination
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Newspaper Placement
Rates displayed on web site
X X X
Rates displayed in Sunday publication
X X X
Usage Statistics
X X X
Hyperlink available from publication web site (optional)
X X X
Premium Placement (optional)
X X X
Data Collection Options
Collect borrower information
  X X
Produce 1003 documents
  X X
Credit reports produced
    X
Data Processing Options
Product guideline screening
    X
Automated disclosure generation
    X
Seamless vendor interfaces
    X
Application processing system
    X
       
 
 
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