Portellus Loan Origination System (LOS)
Overview
Today's tough lending market presents many challenges to organizations especially as they are forced to do more with fewer resources. Lenders must still originate, process, and fund loans as efficiently as possible, but now they need to be agile enough to quickly adapt to changing market conditions, provide visibility across operations, and maintain control over system maintenance costs. Anything less puts lenders at a competitive disadvantage.
To move away from manual processes, lenders have long sought systems that efficiently process loans, but finding a loan origination system (LOS) that meets lender specific requirements has proven to be a difficult task. Many lenders have invested in systems that initially seemed to meet their needs only to find out they were lacking in many areas, which resulted in delays, inefficiencies, poor margins and lost business.
In a profit-pinched marketplace, lenders are carefully choosing systems that will help them weather the storm. Forward-thinking organizations are looking for a purely web-based LOS that automates origination, processing, workflow, underwriting, funding, through servicing and secondary marketing. It also must be quick to implement, easy to integrate into existing or new systems, simple for non-technical people to enhance and modify, and provide visibility across the entire loan process. Additionally, the LOS of tomorrow needs to be a single platform that is flexible enough to be used for the wholesale, retail and correspondent channels. Portellus' LOS is completely configurable to meet specific organizational workflows and user roles.
Next-Generation Architecture
Portellus Lending drastically cuts the cost of processing a loan. Standard loan processing functions, for example, processor assignment, initial loan disclosures, loan fee validation and compliance checking are all automated. So are ordering, managing and tracking all third-party services.
The result is a 100% web-based end-to-end enterprise lending solution built with best-of-breed modules that provides clients with unmatched control and efficiencies over the origination process from point-of-sale pre-qualification, credit/debt evaluation, underwriting, processing, document preparation, vendor management, servicing through secondary marketing. What's more, Business Rules Management System (BRMS) empowers business users to manage routine changes to pricing, products and undewriting guidelines - rolling them out in hours - throughout the entire LOS, to all locations. Additionally our solution can be implemented in a modular, as-needed fashion, thus offering you the luxury of implementing as quickly or as slowly as your business and operations can handle.
An Unmatched Industry Solution
Portellus' next-generation LOS is the only solution on the market today that truly empowers the entire business with agility, offers enterprise-wide visibility, and the channel flexibility to be used for wholesale, retail and correspondent lending. No other company in the market can do this.
Fast Facts
- Automates origination, processing, workflow, underwriting, funding, through post-closing, servicing and secondary marketing
- End-to-End solution built with best-of-breed modules
- Entirely web-based application
- Configurable rather than customizable enables faster time to market
- Provides data validation and event triggers
- Design of Business Rules Management System (BRMS) allows for easy governance of products, pricing, underwriting, data validation, workflow,
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