Loan Producer® automates the loan origination process from point of sale to closing, funding and secondary marketing.
Loan Producer® contains the tools and interfaces to ensure that your mortgage loans are regulatory compliant. HMDA regulatory disclosure requirements are built right into the system. To eliminate the re-keying of data, application information is extracted directly from Loan Producer® into the HMDA file. With the optional Rules OnDemand® business rules engine you can create custom rules to ensure your loans meet regulatory requirements.
Multiple, user-friendly calculators (including interest rate, mortgage comparison and affordability analysis calculators) help you find the best products and rates for your borrowers. The optional Rules OnDemand® business logic module and the built in Automated Business Engine (ABE) enhance loan application workflow and compliance as well as determines loan eligibility and product selection.
Loan Producer® has many tools and interfaces that automate loan processing. The Document Services Interface allows you to use any MISMO®-compliant document service provider. Loan Producer's user-friendly document design tool lets you create custom documents. Standard MISMO® interfaces make it easy to order fulfillment services--credit, appraisal, flood, mortgage and title insurance, surveys and documents--seamlessly online and from any MISMO®-compliant service provider. Data is updated in the database and system documents are stored electronically in FICS' imaging system, Radstar®.
Loan Producer's unlimited user-defined status codes let you control workflow and track your loans as they progress from a prospect to post-closing. My Work List is a customizable real-time pipeline tracking tool that makes it easy for processors, underwriters, and closers to work on their assigned loans. Loan processors and managers can use built-in tracking reports or create custom reports with the very powerful SAP® Crystal Reports® report writer.
Loan Producer® provides a very convenient way to view all the information and parameters needed to make a qualified decision for all loans. Fannie Mae's Desktop Underwriter® and/or Freddie Mac's Loan Product Advisor® offer automated underwriting decisions for approved Fannie Mae® and/or Freddie Mac® Seller/Servicers. Depending on the loan disposition, the appropriate approval or denial letter along with the credit score notice to send to the borrower can be generated.
Closing & Funding
Loan Producer® provides one location to review the loan and check it for compliance before closing. Use FICS® Document Services Interface to order closing documents through a MISMO® compliant document services vendor. Store closing documents electronically in Radstar® and allow your borrower to review them securely online through LPOnline®. The loan funding screen lets you enter information about the funding of the loan, transfer the loan to FICS' Mortgage Servicer® system and generate the funding check.
Loan Producer® creates the standard MISMO® loan delivery files for Fannie Mae® and Freddie Mac®. Numerous secondary marketing tracking tools and reports make selling your loans a breeze.
Discover how our products work seamlessly together to improve efficiency and data consistency.
LPOnline® provides your borrowers the convenience to easily apply for a mortgage online, receive disclosures online, and obtain status updates regarding their loan application.
An online portal for loan originators, Xcluso® is an optional add-on product to Loan Producer® that allows loan originators to easily track and manage prospects, input information into an URLA, pull credit, order initial disclosures, and turn prospects into borrowers.
Loan Accountant® provides automated accounting for the transfer of funds for individual closing cost line items/fee types between clearing accounts and appropriate company accounts, including general ledger accounts.