Folsom, CA (PRWEB) February 3, 2005
Access Business Technologies, provider of innovative web-based software solutions for the mortgage industry, has announced the development of a new product that allows mortgage lenders to track new loans at a greatly reduced cost.
ÂWeÂve found that many lenders donÂt start tracking loans until theyÂre entered into the system by the loan processor. This is because tracking software has traditionally been too expensive for some lenders to buy copies for each loan officer. This results in the loan processor duplicating work done earlier by the loan officer,Â says Justin Kirsch, President and CEO of ABT.
Kirsch says lenders are losing money because theyÂve had to continue to rely on inefficient manual processes. Also, they donÂt have an accurate picture of their loan pipeline because of the delay in getting loans into the system.
ÂAccessPointÂ lets you see the loan status using your existing software as soon as the loan officer completes the application. Everyone from the processor to the manager can see the loan immediately. This includes parent companies who want to keep better track of their net branches. And, itÂs available for around $19.95 per loan officer per month,Â says Kirsch.
AccessPoint works with ABTÂs DecisionPointÂ software as well as other industry-standard applications used by loan processors and managers, such as CalyxPoint and DataTrac. Loan applications are transmitted easily from the loan officer to a central database and the loan processor is immediately notified and has access to the loan application, using ABTÂs web-based user interface.
Kirsch says that using AccessPoint will save time that is currently being wasted. ÂIn many mortgage brokerages, loan officers complete the application, print it out, and fax it to the loan officer. The loan processor then re-enters the same information into another system. Meanwhile, loan officers spend too much time following up on faxes and checking loan status. Because AccessPoint gives the processor immediate access to new loan applications, the entire loan process is faster and each processor can handle more loans.Â
AccessPoint gives loan officers access to their own loan pipeline from their desktop. They can provide customers with immediate loan status, saving time and telephone calls.
AccessPoint is a real-time solution that eliminates many of the manual processes used to transmit information between loan officers and loan processors.
Mortgage lenders who have affiliated NetBranches can use DecisionPoint and AccessPoint to track all of their pending loans using a single integrated software product. Lenders who now use DecisionPoint for their loan processors can add AccessPoint for their loan officers for a minimal cost, making it an ideal solution for small- to medium-sized mortgage lenders who want to speed up the loan origination process.
Interested parties can obtain a more information about AccessPoint from the ABT website at AccessPoint.MyABT.com.
Access Business Technologies hosts industry-standard mortgage processing software over the Internet, enabling banks, credit unions, mortgage servicers, and housing authorities to automate the entire mortgage lending process. For additional information, contact Tim Rost at 888-636-5426, or e-mail email@example.com. Visit ABTÂs website at http://www.The-Mortgage-Experts.com.
# # #