PCLender, a leading loan origination software system (LOS) provider, has announced the release of its next generation LOS. The new system supports consumer direct, retail, wholesale and correspondent business channels, has a new user interface, and provides many new features such as paperless document management, investor delivery and record archiving, the company said.
The system can be customized with unparalleled ease, so that lenders don't need to have in-house IT people customize their LOS systems. Industry best practices are pre-configured, and fine-tuning is as simple as tweaking the presets that come built-in.
PCLender’s LOS features:
- Supports consumer direct, retail, wholesale and correspondent business channels;
- Offers easier navigation with New User Interface;
- Supports real-time work queues and dashboard reporting;
- Offers paperless document management, investor delivery and record archiving;
- Has best of breed vendor integrations, which ensures comprehensive functionality options for documents, PPE's, fees, compliance and fraud;
- Automates workflow to improve service levels and reduce costs;
- Includes real time compliance checks to ensure loans are closed with data that is compliant and matches approval, vendor integrations, and last AUS and lock data;
- Provides rules-based system workflow that can be managed by business analysts; and
- Offers system complexity including data protection and disaster recovery managed by PCLender.
“These features mean lenders can focus on growing their business rather than on technology and integrating various systems and vendors,” PCLender CEO Lionel Urban said in a press release. “PCLender uses a rules-based engine, as opposed to the template-based engines other LOS providers use. The rules-based LOS empowers lenders to customize business rules, ensuring consistent, compliant loans, every time.”