Affordability
Analysis
How much home can your borrower afford? FICS has just made this question easier
to answer with the ability to perform an affordability analysis with the click
of a button. Simply enter each borrowers' debts, income, taxes, insurance
and interest rate to determine the feasibility of the loan. The Maximum Mortgage
calculator, another valuable tool provided with Loan Producer, can
be used to determine the maximum FHA loan amount.
Prequalification
Fitting a borrower to a loan plan is made easier by the prequalification feature.
Once prequalified and matched to a loan plan, if the prospective borrower
eventually applies for the loan, the information taken to prequalify is utilized
in the actual loan application without the need for re-entry. The conversion
from a prospective loan to an active loan can take place at any time with
a click of a button.
Customized
Loan Plans
Even with all
of the various loan plans available today, your originators will never again
need to worry about the technical aspects of any plan. Rather, they will simply
select from your specific, predefined set of loan plans and click. From prequalification
to closing, your loan plans are followed to the letter.
Custom
Interview Sequence
Personal preference is always a factor in how we do our jobs. Loan Producer
was created with your personal style and organizational preferences in mind.
Your loan interview sequence has been left up to you. Simply define your interview
process, and allow Loan Producer to lead the way.
Unlimited
Borrowers
How many people did you want on this note? With the FICS Loan Producer,
the sky is the limit really. Although we doubt it will ever happen, each student
at your alma mater may now own a piece of the school president's new residence,
and Loan Producer can handle the loan. With the ability to sign up
to 32,000 borrowers on a single note, we think we have your multiple borrower
problems solved. Just let us know the closing date, because we'll want to
be there!
Keeping
Borrowers Informed - Status Letters
Status reports can
be generated at anytime by any member of your staff, pre-addressed to the
borrower, builder or originator. Just as FICS works to keep our customers
up to date, we're sure your borrowers will be impressed with your ability
to update them on the progress of their loan applications on a scheduled basis,
or on demand.
Status
Tracking
Tracking of documents and events is key to smooth operations. With Loan
Producer, tracking is effortless. Immediate access to this information
is certain to be an invaluable tool to your originators and processors, as
they will be able to better manage larger pipelines, increase their earnings,
and positively affect your bottom line. Tracking reports also allow managers
to monitor personnel productivity and effectiveness.
Copyright
© 2009 Financial Industry Computer Systems, Inc.
All
Rights Reserved
