Automate the Loan Process with Intelligence
An intelligence software that effectively automates the loan application process. Processing mortgage applications can be time consuming and tedious. That all changes with LoanLogix IQ™, our intelligence software that does the heavy lifting for you.
Benefits of LoanLogix IQ™
- Reduces loan closing time by identifying missing or invalid data
- Increases quality assurance and efficiency through automation
- Enables customization of underwriting and closing conditions
Intelligence within Every Task
LoanLogix IQ™ automates the most common tasks in the mortgage loan approval process. Using criteria (Decision Criteria) critical to the loan process, you can create an automated list of tasks (Decision Framework) to be completed based on specific steps in the loan approval process (Workflow).
Quality Assurance
Using intelligence and automation, LoanLogix IQ™ can confirm required data population and update loan data. If a loan fails a Workflow, a short explanation is provided on what criteria the loan failed and which task needs further follow up. Loans that successfully complete the Workflow are automatically moved to the next step in the loan process.
Simplifies the Process
Each Workflow you set up includes specific criteria based on underwriting guidelines and closing conditions, resulting in loans that meet regulatory requirements. LoanLogix IQ™ can automatically update loan status, progress the loan to the next step in the automated task list, and send automatic notifications about status updates.
LoanLogix IQ™ History and Radstar® Reports
A LoanLogix IQ™ history window can be accessed at any time that shows which loans and which criteria or frameworks have been run. A report showing the detailed results from the execution of the criteria or frameworks is permanently stored in Radstar® for easy retrieval.
Licensing LoanLogix IQ™ gives you full access to completely customize your own Decision Framework templates and functionality. For assistance creating customized Decision Framework templates or to modify those provided, please contact Loan Producer® System Support for consulting options.
To learn more about how LoanLogix IQ™ can improve your bottom line or to schedule a free demo contact us at 972.458.8583 or Info@FICS.com.
Additional Functionality:
