Loan Producer® automates the loan origination process from point of sale to closing, funding and secondary marketing. 

Review the features below to learn how Loan Producer can benefit your company. For more information about our loan origination software or to schedule a free demo, call 972.458.8583 or email Info@FICS.com or request a brochure,

Compliance

Compliance

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. 

Origination

Origination

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.

Processing

Processing

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®.  

Tracking/Reporting

Tracking/Reporting

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.

Underwriting

Underwriting

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

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.

Secondary Marketing

Secondary Marketing

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.

 

Related Products

LPOnline

LPOnline® provides your borrowers the convenience to easily apply for a mortgage online, receive disclosures online, and obtain status updates regarding their loan application.

Xcluso

Xcluso® is an online portal that allows loan originators to easily track and manage prospects, input information into a Uniform Residential Loan Application (URLA), pull credit, convert prospects into borrowers, and order initial disclosures from your chosen MISMO® document services provider.

Loan Accountant

The Loan Accountant® module provides automated accounting for the transfer of funds for individual closing cost line items between clearing accounts and company accounts, including general ledger accounts.

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Use our contact form or call us 972.458.8583