Documentation Tracking Procedures

Are you wondering about best practices for implementing Documentation Tracking? Check out our new Documentation Tracking: Procedures guide for tips and considerations about leveraging this powerful tickler system within your organization.  To find the guide, log-in to the Customer Portal and click on Install Guides, then download the Documentation Tracking: Procedures from within the Examples section.

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FAQs

How does a loan origination system work?

An LOS is defined as a system that automates and manages the end-to-end steps in the loan process – from the application, through underwriting, approval, documentation, pricing, funding, and administration.

What is the difference between loan origination and underwriting?

A loan officer is someone who works for a bank or credit union or other financial institution and offers loans to borrowers, while an underwriter is someone who analyzes documents from potential borrowers to determine if they are eligible for a loan.

What are the benefits of loan origination software?

By now, lenders are well versed in the benefits of a digital loan origination system, such as: Providing borrowers with easy, streamlined, and digital applications. Providing bankers with automating spreading and financial analysis tools.