Austin, Texas (PRWEB) April 16, 2007
Vuecentric Inc., the leading provider of On-Demand software for mortgage loan origination, has released a new module for use with its MortgageDashboard™ LOS that allows mortgage originators to share critical loan information with partners and borrowers online. In addition to making it easier for borrowers to find out the status of their loans, and saving loan officers the time of providing that information, the new tool also makes it easier for business referral partners to track the status of deals they have referred to a broker or lender.
Like the other tools built into MortgageDashboard, the online status engine gets its information from the single database that stores all critical loan information, making it easy to ensure that every party to the transaction is receiving the correct information. Security and roles-based permissioning are built in, protecting the originator's valuable data.
"The ability to provide an online status report is so critical to originators today that any LOS that doesn't provide it is no longer a suitable choice," said Jorge Sauri, founder and CEO of Vuecentric. "Borrowers are desperate to know the status of the loans and loan officers, if they hope to succeed, cannot spend the time required to keep them up to date. Now, with the new tools built into MortgageDashboard, they don't have to take that time. It's available to them automatically."
While Sauri says that current MortgageDashboard users have welcomed the new functionality because it will save them so much time during the origination process, he thinks that in today's challenging market the tool's ability to take friction out of the business referral function will mean more to brokers in the long run.
"Trusted Financial Advisors will continue to be a growing part of this business and an increasingly important resource for today's successful loan originator," Sauri said. "Brokers must do all they can to make it easy for these trusted advisors to send them new business. And they must make it easy for them to get the status of every deal they send over. The brokers that do this will be most successful in the future."
MortgageDashboard™ is a complete, Web-based loan origination system that allows brokers to track and manage their leads, upload all paper documents and achieve straight through processing. In addition, the LOS can gather leads from the Web seamlessly and brokers can even provide short applications for use by Realtors on their sites that will send leads directly into the broker's LOS.
MortgageDashboard provides loan product optimization, loan application processing, all state-specific forms and disclosures. It also comes with the BundleOne tool that makes it easy for originators to do business electronically with vendors of their choice, such as appraisers, title companies and wholesale lenders.
Founded in 2001 VueCentric, Inc. is a privately held mortgage technology developer specializing in providing Software as a Service (SaaS). The company's MortgageDashboard, Web-based Loan Origination and Processing Software is the nation's leading paperless SaaS LOS. Based on the Mortgage Industry Standards Maintenance Organization's (MISMO) data standards and e-Mortgage guidelines, MortgageDashboard is the solution of choice for mortgage loan officers and brokers, Net Branch providers and mortgage banks for paperless mortgage loan origination and processing in real-time. For more information, contact VueCentric, Inc. at 800-209-8812, or by surfing to http://www.vuecentric.com.