Delta 360 Launches Loan Origination Solution
Posted by Bill Rudzitis
MARKHAM, ON, June 30, 2011
Delta 360 Inc. announced today the launch of its new origination module as part of the LMS360 suite. The origination module, Origination.LMS360 expands existing capabilities to include the underwriting, and fulfillment, of mortgages and loans. The underwriting module provides a multi-channel loan fulfillment solution that enables centralized viewing and control of all loans, channels, products, services, personnel, customers and fulfillment partners. It offers one system for the production of all loans across the enterprise, including processing, conditions management, and underwriting.
The Underwriting module’s additional capabilities include:
- Workflow – Uses directed workflow and user configured tasks and business rules to guide the loan application through the decision and post decision processes
- Underwriting Review – Includes an overview of all key data including qualifying ratios (GDS, TDS, LTV) , credit reports, income, and assets and liabilities
- Conditions Management – Manage a standard set of pre and post funding conditions as well as create customized conditions unique to your organization. These conditions are automatically defaulted based on business rules. As documents are uploaded, conditions are automatically marked as received. System facilitates the verification of each condition along with input of any notes
- Third-Party Services – Accessed through a Networked Community of major providers; these include third party origination platforms, credit reporting, and mortgage insurance
“We are excited to offer our origination module to the marketplace”, said Derek Cook, President Delta 360 Inc. “Lenders are looking for the option of a complete end-to-end lending solution, which we can now offer with the introduction of our origination module. In addition, we can also offer this module as a standalone solution for those lenders looking to streamline their current Underwriting processes.”
For more information on Origination.LMS360 click on the following link: www.delta360.com/lms360-origination/
About Delta 360
Delta 360 is focused on delivering superior mortgage technology solutions to the Canadian financial industry. We are revolutionizing the mortgage servicing and underwriting technology space by combining workflow, scoring and document management technologies, with a robust and highly configurable loan servicing and underwriting platform. In addition to the implementation services that we provide for our solutions, we provide IT strategies, infrastructure implementation, custom development, and project management. Combining our financial industry knowledge, with our experience in successfully delivering advanced mission critical solutions, positions us well as a premier solutions partner for any financial institution. For more information about Delta 360 Inc., visit www.delta360.com
Delta 360 Inc.