Since Loan Origination Software is the most critical application for loan officers, mortgage lenders, processors, underwriters, closers and all others who are involved in the Loan Origination process, the evaluation and selection of LOS is critical for any Mortgage Bank. Here we compare the top LOS software solutions in the mortgage market based on multiple…
In the Digital Mortgage space, lenders are investing heavily to drive in highly qualified sales and ideal clients to gain a strategic upper hand in the brutally competitive space. Email marketing, SEO, Google Adwords Management and Landing Page with unbounce features remains some of the most common methods used by mortgage companies for lead generation.…
The widening engagement gap between borrowers and lenders is a cause of concern in the Mortgage Industry. Borrowers with access to the most sophisticated technologies expect a personalized, one-touch, technology driven, streamlined and simple mortgage experience. Lenders with strict regulatory compliance, low rates, complex process and reluctance in adopting newer technology are a long way…
While everyone acknowledges the role of technology in creating a truly Digital Mortgage process, the Mortgage industry is still apprehensive in adopting one of the most innovative technologies available – Blockchain. Mortgage process is highly complex and strictly regulated with multiple participants interacting with each other exchanging data and documents and adding transactions to the…
With technology constantly evolving, borrowers have also evolved embracing technology in every walks of their life. But the lenders have not kept pace with their customers and technology still remains to be an overlooked space in Mortgage Industry especially when other Fintech industries have already made good use of it. Here are some of the…
Jungo built off the popular Salesforce CRM platform has evolved from a basic CRM platform to meet the relentless needs of the Mortgage Industry. Besides the CRM functionalities offered by Salesforce, Jungo apps provides lenders with mortgage specific functionalities designed to increase revenue and promote efficiency. Jungo offers two industry focussed applications in the Mortgage…
Changing business landscapes and stiff competition has made Mortgage banks embrace technology to leverage the large database of client information which ranges from demographic data to migratory patterns. Business Intelligence tools are the latest addition to the arsenal of technological tools to augment decision making process for mortgage banks. Importance of Business Intelligence tools Measuring…
Loan Origination Software (LOS) Encompass360 Calyx Point Net Oxygen Powerlender License Option Pay as you go plus Loan closed fee. Monthly SaaS (software as a service) pricing model Reduce upfront costs and pay as you go Available on a subscription basis Dashboard management Pipeline management, Configure workflows, Review loans for compliance Out of the…
Encompass is a complete, enterprise solution that removes the need to work with multiple software systems to run your mortgage business effectively. Most businesses spend a great deal of time and effort deciding on the software they trust their business on. Encompass360 consulting can be a rewarding business move when it comes to making the…
Encompass360 Administration and setup is one of the core areas for bankers or lenders to keep their Encompass360 system updated, trouble free and evolving to meet the new functional and business requirements. As the lending process is constantly hit by numerous challenges from the government regulations, financial volatility, global economy and a number of other…