Automated Mortgage Underwriting

Predictable Service Levels when Volume Varies

Automated mortgage underwriting allows lenders to delivery consistent application service levels even during times of large and unpredictable increases in loan processing volumes, as the dependancy on manual tasks and recruiting additional experienced staff is minimal.

Fully Configurable Business Rules

Automated mortgage underwriting is acheived by configuring lender's credit policies and business rules so they are applied uniformly and objectively across the entire portfolio of mortgages, reducing errors and risk. Your business rules can be configured for rigidity or discretion as required, all you need to do is decide on your appetitie for lending business risk and growth and when you wish to adjust the business rules settings re-configure the business rules as needed.

Automated Underwriting Process Management

Automated mortgage underwriting incorporates alerts to advise management and users of application status and overdue tasks, including external service provider service level monitoring. This allows your team to focus their resources on high priority activities and consistently deliver fast application turnaround times.

Automated Underwriting Workflow Balancing

LTX Express monitors task volumes across centralised or de-centralised teams, and automatically allocates deals to lower volume queues in order to minimise costs and approval turnaround times.

Automated Documentation Generation

LTX Express includes integration with the Thunderhead™ worlds-best document generation technology to dynamically produce all required documents with the click of a mouse, covering status updates, approval letters, solicitor instructions, loan agreements and mortgage documents.

Fraud Prevention

Automated loan processing examines application information and identifies applications with similar attributes and ensures only complete and validated applications which have met minimum standards are reviewed by underwriters.

Condition Management

Automated loan processing tracks outstanding conditions and advises the underwriter when they have been met in order to optimise application service levels. No more checking various sources for the status of all conditions, the software holds all condition information together for easy access and action.

AME (Auto-Management Engine)

Automated loan processing includes a System agent that completes routine loan processing tasks in real time and without manual intervention. The System agent can be configured to act at any stage in the mortgage processing lifecycle, allowing your staff to focus on tasks requiring their expertise and judgement.

For more information regarding automated mortgage underwriting please contact us.