Integrated Loan Processing Workflow
LTX Express is an agile and proven end-to-end web-based mortgage and loan processing workflow system developed specifically for Australian lenders. LTX Express integrated loan processing workflow optimises productivity, reduces administrative costs and monitors mortgage pipeline data and mortgage application service level performance in real time. The flexible architecture of LTX Express is easily integrated with existing back-end operations or systems and is fully scaleable for fluctuating volumes in any sized organisation.
LTX Express delivers maximum efficiency and accuracy across the mortgage value chain, enshrining best practice procedures utilising the Lending Industry XML Initiative (LIXI) to enable seamless communication to and from brokers, lenders and all other major parties involved in loan processing. LTX Express integrated loan processing workflow exchanges rich application data with third party interfaces including Veda Advantage for credit history reports, Solution 4 for mortgage and financial services CRM and Pisces for broker electronic application lodgement and status tracking, using the LIXI CAL and backchannel standards.
“…the industry can seek to increase the efficiency of
the currently complex web of relationships and interactions of the
mortgage value chain. As a consequence of the complexity of
interactions becoming overwhelming, processes become very inefficient,
error prone, and expensive to rectify. Accordingly, the Australian
mortgage value chain currently lags international benchmarks, with
Australian consumers, on average, experiencing costs typically 35%
higher than in the US, UK, and Canada.” Fujitsu Consulting/JP Morgan
Australian Mortgage Industry Report Volume 7..."
In Canada, one of Australia’s most comparable banking environments,
Express delivers integrated loan processing for over 40% of mortgage applications. Over 30
lenders around the globe are currently using Filogix Express™ to manage loan processing workflow for over $80 Billion per annum in mortgage applications. Express third party interfaces includes three mortgage insurance (LMI) providers, four valuation (AVM) providers, five credit scoring systems and six post settlement servicing systems.
For more information regarding integrated loan processing workflow please contact us.
“Best practice loan processing technology for today, tomorrow and for the future”