Mortgage Banks

Mortgage Banking Software Solutions

Mortgage bankers have to be serious about adopting enterprise business management and risk mitigation practices to compete in today’s market. Executing quality lending processes requires focus on best business practices from an enterprise vantage point. From origination to post-closing, PCLender provides mortgage professionals a proven system for loan compliance and profitability. For many bankers, their only option was many separate systems that were patched together or hosting their own enterprise technology infrastructure with high set-up and maintenance costs. Both options create a burden and distracts lenders from their focus from quality lending. PCLender’s team of mortgage experts collaborates closely with our customers to ensure systems are refined to exceed industry standards.

PCLender’s LOS is the first enterprise mortgage lending platform built for the Internet. Bottom line – unsurpassed value with a proven track record.

PCLender understands that mortgage bankers need to adapt to efficient and accurate systems. This is evident now more than ever, with competitive pressures requiring reduced costs, higher levels of service, and stringent quality and compliance controls. More than anything, mortgage bankers need to simplify infrastructure in order to focus on lending strategies.

That is why PCLender built and continues to develop the most powerful, secure, comprehensive and cost-effective enterprise mortgage lending platform in the industry. It is also why we created a suite of practical solutions to operate seamlessly in a completely web-based environment. Our solutions provide an unprecedented level of communication and management across the entire complex, multifaceted mortgage banking process.

Our services are anchored by our enterprise lending system, which enables mortgage bankers to monitor and manage what matters most. Delivered via SaaS, the PCLender LOS is hosted and managed by PCLender’s mortgage technology experts.

By utilizing PCLender’s LOS, Mortgage Banks eliminate software ownership and related costs, implementation nightmares and security concerns in favor of a common-sense “pay for what you use” approach – the future of mortgage business software.

PCLender’s solutions and services provide the following benefits:

Variable cost:

Since ongoing fees are based on closed units, if the volume of closed units goes down, lenders will not be over invested in technology.

Scalability:

When volume increases, lenders can substantially increase the number of employees and branches without additional technology investments or changes in the business process.

Total solution:

We provide a “life of the loan” solution with best business practices and compliance integrated at every step. Through tables professionally managed by PCLender, mortgage bankers utilize business rules for fees, print forms, and status items to create efficiencies with standardized processes for originators, processors, underwriters, closers, secondary departments, and compliance users. These business rules can be easily modified to meet individual needs.

Best of Breed Vendor Integrations:

Mortgage lending requires a complex interaction between vendors to support cost effective and compliant lending. PCLender provides two-way integrations with the industries best services providers. Data and forms are imported for Doc Vendors, Mortgage Insurance, Pricing Engines, Compliance, Fraud and other service providers.

Centralized database:

PCLender’s LOS includes a centralized system database that permits management reporting to accurately track new and historical business results. We typically co-manage tables and business rules with our clients, depending on specific needs and available resources.

Integrated reporting:

More than sixty standard reports are available to track from inquiry and processing to secondary marketing and post-closing. Using an enterprise data repository, it’s possible to track loan generation and processing in granular detail. This detail includes any missing items or data, and can identify “revenue leaks,” leading to greater staff accountability. Data can be integrated into servicing, hedging, bulk sales, and accounting with a simple two-step process, or can be fully automated through Web Services.

Secondary marketing capabilities:

PCLender allows mortgage bankers to link daily rate sheets directly to the loan program table and rule-based price adjustments to simplify accurate loan program quotes. Locks are managed within the mortgage lending software system to accurately track the cost of funds, delivery deadlines, and transaction fees associated with loan delivery. Warehouse lending tools automatically calculate and track maximum advances. Loans can be fully reconciled within the application, and loan level profitability can be reported by product type, origination source, investor, and more.

SSAE16 and PCI infrastructure and support certification:

PCLender maintains SSAE16 Certification and PCI certificates (Aug 2015). This certification demonstrates that our operational processes and controls meet superior standards of security, reliability and availability–an assurance that our clients can pass on to their own customers.

SSAE16 Auditing Standards

SSAE16 (formerly SAS70 Type II) certification is one of the most stringent auditing standards for service companies. PCLender’s SSAE16 certification verifies we deliver fully secure, reliable, effective operating environments with the proper controls for conducting high availability IT and Internet operations. Third party auditors conduct annually the SSAE16 audit, which requires meticulous reviews and tests of PCLender operational procedures and controls.

The SSAE16audit included comprehensive reviews and tests of PCLender’s infrastructure, along with power, physical and electronic security measures, backup and recovery procedures, customer setup, network security, maintenance procedures, infrastructure change management, environmental safeguards, communications, customer service, management and user controls.

SSAE16 was developed by the American Institute of Certified Public Accountants (AICPA) for service providers to demonstrate a high level of control effectiveness to independent auditors. It is one of the most widely recognized auditing standards for service companies.