Suntell Announces LMS Version 18.1

Cayenne Release Available for Customers

August 25, 2014: The latest version of the Suntell Loan Management System (LMS) has been finalized and made available for customer distribution. The release, Version 18.1, or the “Cayenne” release includes new functionality such as spread projections, emailing Documentation Tracking letters, and several new portfolio reports. Feedback was received from several customers throughout the development cycle, and the response was very positive.

The release has been installed with several customers who requested to be in the first group and will be made available for general distribution in the coming weeks. Full release documentation is available within the Customer Portal on the Suntell website.

For more information, please contact Customer Support at support@suntell.com.

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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.