Functionality gets loan officers one step closer to ensuring every deal that enters LOS will close
March 26, 2012 — Mortech, Inc., a mortgage technology software company specializing in solutions for mortgage banking operations and secondary market teams, announced today the addition of Marksman’s Credit Reporting Engine. The feature allows access to a full credit report without leaving the lending management platform and is now available to all Marksman users.
This capability gives loan officers the ability to accurately pre-qualify leads using all of the information from the credit report prior to hitting the LOS,” said Don Kracl, President of Mortech. “If the deal will work, the credit report information will be delivered seamlessly to the LOS, along with the ability to reissue credit without an additional fee. If the lead doesn’t result in a ready borrower, it remains within the Marksman lending management platform to be nurtured as a future prospective borrower.
Marksman has evolved from a basic Product and Pricing Engine into the Industry’s First Lending Management Platform by handling the work necessary to separate borrowers from those consumers who either aren’t ready to purchase or cannot qualify for a loan. Consumers who do not qualify right away are nurtured through the system until they can be closed. The platform allows mortgage originators to streamline their operations, saving time and money while maximizing opportunities. It includes tools for simplifying, automating and organizing the entire mortgage lending process, from lead acquisition to assessment and marketing to processing.