It's essentially like getting an on-demand, state-of-the-art, end-to-end mortgage banking platform for free, which gives lenders a profitability advantage in today's market
Austin, Texas, (PRWEB) December 8, 2008
MortgageDashboard, creator of the leading on-demand mortgage software, is launching a new on-demand, pay-per-loan mortgage banking software platform. The new offering will give community banks, credit unions and other mortgage lenders a complete, end-to-end mortgage banking system for $50 per closed loan, a fee that is billed to the institution as document preparation and then charged back to the borrower at closing.
With a low per-loan rate and pay-as-you-go solution, lenders have access to all of the tools they need to underwrite, approve, lock, print documents, close, Q/C, sell and ship loans into the secondary market. Lenders will also have peace of mind knowing that the compliance documents within the software platform are provided by MortgageDashboard's strategic partner Wolters Kluwer Financial Services. These documents can help lenders remain compliant in all 51 U.S. jurisdictions and are built upon the more than 30 years of knowledge and experience behind the company's VMP Mortgage Solutions brand. Additionally, the mortgage banker system comes pre-configured to manage conventional as well as FHA and other government-insured loans.
"Our new mortgage banking platform not only provides all of the necessary tools for mortgage lenders, but it also ensures the fastest return on investment available," said Jorge Sauri, CEO at MortgageDashboard.
With profits declining and the net cost of originating a loan soaring to more than $2,500 in 2007, according to the Mortgage Bankers Association, lenders must find a way to reduce costs and remain efficient and compliant in order to be successful. MortgageDashboard's banker system is a Web-based, on-demand solution hosted at a secure, state-of-the art, SAS 70 Type II data center and has exceeded the exhaustive due diligence requirements of the company's state and federally regulated bank customers. Furthermore, MortgageDashboard provides training free of cost to support the system.
"It's essentially like getting an on-demand, state-of-the-art, end-to-end mortgage banking platform for free, which gives lenders a profitability advantage in today's market," said Sauri.
MortgageDashboard's end-to-end mortgage banking software is available to lenders for only $50 per closed loan without setup fees or contracts to sign. For more information about the system, please visit MortgageDashboard's Pay-Per-Loan Software page.
MortgageDashboard is a Software as a Service (SaaS) company founded in 2001 to provide industry-leading on-demand solutions for the mortgage industry. MortgageDashboard offers an end-to-end mortgage banker system that provides lenders with on-demand tools on a pay-per-loan basis. In addition to pay-per-loan software for mortgage bankers, MortgageDashboard provides the nation's leading on-demand loan origination system (LOS) for Web-based, paperless origination and processing. For more information, please call 800-209-8812 or visit http://www.mortgagedashboard.com.
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