1.4.2 Processors
Processor features and benefits
    • Import current database from Outlook, any txt  file to get started including Lender contacts  information
    • Set up contacts by category
    • All communications between MLO and  processing logged
    • Automatic email notifications to Realtors,  Attorneys, Customers
    • A single source for verification of information,  which eliminates any he said she said conflicts  and reduces errors
    • System future event dates notifies you when its  time to contact customer (ie. 3 Months after  closing – customer service call re: servicing of  loan )
    • Direct communication with LO's avoids phone  tag and documents requirements immediately.
    • Record document retention  keeping all loan  docs paperless with the record
    • Access from anywhere when not in the office
    • Record turns red when within 8 days of closing
    • Attorney letter provides compete information  required for closing
    • Doc needed – and other communications  customized, saved to record and email direct
    • Easy overview of loan status by supervisors and  management.
    • Manage pipeline communicating with  customers, processors, lenders, attorneys all in  same record
    • Upload files from record to send, email, fax or  print and mail to customer or lender
    • Approval letters are customized and include  details of conditions
    • Keep track of rate locks and expiration dates
    • Keep track of contingency and closing dates in  chronological order
    • Reconciles Attorney Closing check to Loan  Accounting Procedures
    • Creates efficient pipeline reviews with follow up  note capability
    • Prints Processor funding report for payroll purposes
  
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