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LOANFX™

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A UNIQUE DIGITAL MORTGAGE PLATFORM

 

Mphasis Digital Risk’s LoanFxTM is a fully integrated Digital Mortgage Front End solution, powered by a comprehensive technology suite that provides operational scale and in-depth mortgage domain expertise, utilizing enterprise grade data security and compliance.The solution is enhanced by the integration of LoanFxTM front end capabilities.

 

LoanFxTMdelivers a fast, easy and transparent experience for your customers and prospects, while also empowering your Loan Officers with a simpler and more intuitive software tool when originating loans and communicating with customers.

 

First Click to Underwriting in as little as 20 Minutes!


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ADVANTAGES OF USING LoanFxTM

Transparency of Process

• Real time status updates to the borrower as well as the loan officer
• Robust Mortgage Loan Officer communication platform including Co-Browse, chat, text 
• Empowerment of Loan Officers with a simple and intuitive digital toolset

Transparency of Process

Improved Customer Experience

• Technology guides customers as they enter data, select loan options, submit their applications and clear conditions prior to closing and funding
• Choice between a streamlined self-service experience or a high touch loan officer driven experience
• Borrowers experience a true end to end digital loan application and fulfillment journey
• 24/7 access to loan application system and any time customer concierge
• Borrowers can complete the URLA in less steps with the patent-pending 1003 Merge process

Improved Customer Experience

Improved Manufacturing Efficiencies

• Optical Document and Character Recognition (ODR/OCR) with Process automation capabilities
• Reduction in risk of non-compliance, as loans are automatically routed to employees that are licensed in the state where the loan is being originated, and the system performs licensing checks for both the company and the individual
• Manufacturing Cost Savings

Improved Manufacturing Efficiencies

Increased Pull Through

• The patent-pending 1003 Merge process reduces time spent online filling out data, improves data quality and increases conversions.
• Increase Quality Decrease Repurchase Risk
• LoanFxTM integrates directly into Mphasis Digital Risk’s end to end technology and QC solutions

Increased Pull Through

Security and compliance

• Vetted and Secure Vendor and System
• Rigorous regulatory compliance including HMDA and the new 1003 process
• Private Cloud Hosting and Enterprise Security Management with configurable and scalable architecture

Security and compliance

Contact Us About Our Digital Mortgage Technology - LoanFX™ Today

OTHER KEY FEATURES

Full Point of Sale mortgage application for Retail, Consumer Direct, and Third Party Originator (TPO) Channels

Supports all loan products and programs including Purchase, Refinance, and Home Equity lending products, as well as other financial products

Private Cloud Hosting and Enterprise Security Management

Mobile first responsive web based design to support any device

Over 150 integrations with industry data sources and providers

Best in class Mortgage Loan Officer portal, including CRM integration, Co-Browse, chat and SMS

Appraisal ordering and fee payment capability

Rigorous regulatory compliance including HMDA and the new 1003 process