LTX Express

Introduction

Powered by FilogixTM technology, LTX Express is the loan origination system that delivers true straight-through-processing, managing everything from submission to settlement.

With LTX Express powering your mortgage lending business, processing time can be cut to minutes, not days. LTX Express delivers a truly enterprise scalable, secure solution with very low upfront capital requirements, backed by the proven capacity to handle major national lending operations.

LTX Express is delivered as a Software as a Service solution, offering real benefits to any mortgage lender, no matter their size, including:

Connectivity to all of your partners and service providers.
Immediate access to the latest ongoing upgrades.
Enabling you to focus on building a competitive edge, instead of on infrastructure planning, budgeting and administration.
Avoiding major capital expenditure.
Dramatically reducing implementation time and cost.
Accessing innovations from industry-wide development.

“Challenge everything you know about mortgage processing”

Further Information

LTX Express is an agile and proven end-to-end web-based mortgage and loan processing system developed specifically for Australian lenders. LTX Express improves processing productivity, reduces administrative costs and monitors pipeline data and performance. The flexible architecture of LTX Express is easily integrated with existing back-end operations or systems and is fully scaleable to fit any sized organisation.

LTX Express has been thoroughly proven in medium and large multi-channel mortgage lending enterprises.

In Canada, one of Australia’s most comparable banking environments, Filogix developed the basis for Express. The majority of the Canadian mortgage and banking industry has now adopted the Filogix suite of software as the industry standard.

With LTX Express you are always on the cutting edge. Users of LTX Express benefit from the continuing program of development and improvement of LTX Express that is driven by market research and customer innovations across the globe. No more silos – LTX Express is your change insurance policy.

“…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..."

LTX Express delivers maximum efficiency and accuracy across the mortgage value chain, enshrining best practice procedures utilising the Lending Industry XML Initiative (LIXI) standards to enable seamless communication to and from brokers, lenders and all other major parties involved in mortgage origination.

“Best practice loan processing technology for today, tomorrow and for the future”

Benefits

Robust

Based on a solid foundation of J2EE and Oracle, LTX Express has undergone multiple stress testing and security evaluations.

Industry leading connectivity

LTX Express can connect lenders to a wide variety of industry partners including Valuation Services, Settlement Services, CRM providers, Credit Bureau Agencies, Title Insurers, Mortgage Insurers and Originators.

Reduces costs

Reduces manual intervention and minimizes costs associated with mortgage processing.

Drives efficiency

LTX Express is an end-to-end technology solution that significantly increases quality and productivity by automating mortgage review, approval and processing functions.

Scalable

Allows Lenders to handle large increases in mortgage volumes with minimal additional capital costs.

Time-saver

LTX Express saves time by enabling lenders to process mortgage applications quickly using LTX Express' integrated workflow, data processing and document generation system.

Fully configurable business rules

Lender's policies and business rules can be configured and run uniformly and objectively across the entire portfolio of mortgages, reducing errors and risk.

Duplicate Filtering

Traps and manages frustrating duplicates and multiple applications.

Automated follow up

Automated alerts advise users of application status and overdue tasks allowing them to focus on high priority activities.

Balanced workflow

LTX Express monitors task volumes and automatically allocates deals to lower volume queues.

User-friendly

LTX Express easily navigates through various screens. Directed workflow tasks take users straight to the screen used to complete the task.

Automated documentation

Take advantage of Thunderhead™ worlds-best document generation technology to dynamically produce your mortgage documents with the click of a mouse.

Fraud prevention

Automated examination of information identifies applications with similar attributes and ensures only complete applications which have met minimum standards are reviewed by underwriters.

Prioritises outstanding tasks

Keep first things first. LTX Express helps to focus users on the most urgent and important tasks first.

Condition management

Automatically tracks outstanding conditions and advises the originator client when they have been met.

Reporting

LTX Express provides lenders with an instant overview of their mortgage originations pipeline while tracking applications by underwriter, department or business unit.

AME (Auto-Management Engine)

Automatically completes routine manual tasks at any stage in the mortgage processing lifecycle, allowing lender professionals to focus on tasks relating to their expertise.