1003Power.com, The Incomparable Mortgage Web-Based System Implements New Interactive Features To Its Recently Released Version 2.0
Company aims to help in the plight of both professionals and homeowners in crisis with upgraded user-friendly tools designed to keep brokers in business and people in their homes.
Honolulu, HI (PRWEB) January 14, 2009 -- The revolutionary web-based loan origination system, 1003POWER, (www.1003power.com), does it again with the release of its latest interactive applications applied to the company's Version 2.0. 1003POWER is the only 100% online tool of its kind, surpassing and building upon every feature of competitive software that is currently being used today.
Additionally, as environmentalism and "going green" becomes more of a lifestyle choice than passing trend, it's clear that leaders in this market will profit from having more POWER...1003power.com that is. After a much-heralded successful debut of its newly released 2nd version, the recent additions to this eco-friendly loan origination and processing tool will save professionals and homeowners unlimited amounts of time, resources and most importantly money.
"My goal was to provide a product that continued to address the rapidly changing needs in the mortgage industry by immediately reducing overhead costs, increasing loan production and reliving homeowner stress. The combination of having the ability to upload all loan documents and the borrower's ability to login 24/7 to view all loan documents and disclosures will give the broker more control over loan files when loan officers and processors are working from remote locations is most important," says Donna Iwane, CEO of DNT Holdings LLC and developer of 1003power.com. "Additionally, brokers will also have the capacity to monitor and maintain file control for multiple loan officers (1-1000 )."
The advanced integrated security levels found in 1003power.com prevents loan officers from being able to delete any files from the system or view documentation that does not belong to them. Once a file is in "Closed" status, the file is completely secured, in "View Mode" only and data cannot be edited or deleted from the file. "This is a key issue for companies with multiple loan officers who already work from home or are working from another state. Brokers cannot work based on 'trust' alone," states Iwane.
With the borrower having the ability to upload their loan documents and view loan status 24/7, 1003POWER will save both the broker and borrower time in having to mail, email or deliver borrower income and asset documentation. Iwane strongly suggests every loan officer invest into an efax since efaxes automatically save as a PDF and can be simply uploaded into 1003power system.
Subscribers of the landmark 1003power.com will be astounded by the multiple functions of its technology. Mortgage professionals will have the ability to save and upload Fannie 3.2 files into any lenders system. Plus this innovative technology is so versatile, it is about to set another precedent in loan origination and processing, eliminating all the irritants and wasted time endured by attorneys, brokers, loan officers and processors by providing them with each and every tool necessary for quick, efficient work.
Each user will have their own user ID that can be given to another party to input when assigning a processor or negotiator for the loan modifications. In addition to saving businesses thousands of lost man-hours, this system also helps the environment, and a company's bottom line, eliminating waste of any kind as it's all online.
A sampling of 1003POWER Version 2's exclusive features includes:
| | - Ability to pull credit through over 50 major credit bureaus throughout the United States
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| | - Loan modifications will auto-fill the 1003 and all other forms should a borrower decide to go from a refi to a loan modification and visa versa.
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| | - All liabilities will auto populate into the 1003 application and loan modification worksheet as well as the ability to run loan approvals through Fannie Mae Desktop Originator and/or Desktop Underwriting.
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| | - Wholesale and retail lenders with net branches will have the ability to see all loan activity (every file in their pipeline) in all branch offices.
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| | - Third party loan assignments through 1003Power is provided for realtors, attorneys and escrow companies to access files especially when doing short sales
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| | - Any updates or changes to the 1003 or GFE will automatically change in the borrower site
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| | - Borrower login section will include applications, disclosures; obtain up-to-the-minute loan status, automatic time/date stamped conversation logs and personal mortgage calculators with ability to view amortization schedules.
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| | - All files can be viewed online by the Broker giving more control over Loan Officers
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| | - 3 level security: Administrator/ Broker, Manager, Loan Officer/ Processor
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| | - Brokers can elect to have users pay their own subscription
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All of this is made possible by the most secure servers available, which are operated by 1003POWER. These advanced features continue to save companies tens of thousands of dollars a year in their electricity bills by not having to maintain their own servers. This also frees industry leaders from downloading the expensive upgrades or worrying about viruses, hackers and identity theft.
Professionals and clients alike can take advantage of 1003POWER's 10-day complimentary trial period by visiting 1003power.com. There is no commitment, but between the time, money and paper that are saved, mortgage brokers, loan officers/ processors and lenders will see what it means to truly have the POWER.
About DNT Holdings:
DNT Holdings is a company dedicated to providing management and time-saving tools to meet the needs of mortgage professionals. DNT Holdings develops and maintains the company's comprehensive web-based loan processing system, 1003POWER, (1003power.com); DNT Holdings continually strengthens and improves 1003POWER Version 1.0 and Version 2.0, to effectively meet the ever-changing challenges that face mortgage industry professionals. DNT Holdings strives with one goal to continually make it better, keep it secured and safe 24/7.
Media Inquiries Contact:
Suzi Bruno
PRIME L.A.
Email: suzib (at) primela.com
Tel: (323) 962-9207
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