Features:

• Web-based
• Robust Administration Module – allows a business user to edit origination workflow, manage permissions and maintain pricing, eligibility and other business rules
• Full integration with Commerce Velocity’s Process Integrity Engine, Insight, which automates workflow and provides brokers or loan officers a true commitment-to-lend decision
• Lock Desk Queue provides the lender with true vertical integration -- allows a broker or loan officer to lock and unlock loans at the point of sale and instantly allow the lock desk to coordinate that activity with investors when managing commitments
• Service-Oriented Architecture allows easy integration with multiple third party vendors through Commerce Velocity’s service integration hub
• Full integration with Fannie Mae Desktop Underwriter® and Freddie Mac Loan Prospector®
• Support for wholesale and retail
  origination channels for conventional and FHA loans
• User-specific views based on permission levels
• Message Board functionality enables decision makers to instantly communicate important information through the system to all users
• Comprehensive reporting tool featuring both pre-defined reports as well as custom-report generator provides management with information on any discrete data point in the system
• Warehouse reports with up-to-the minute information on warehouse allocations, daily fundings, projected fundings, warehouse expenses and more
• Automated tracking of standard shipping functions including investor suspenses and trailing doc management improves delivery performance
• Built-in automatic auditing capabilities help management track employee performance and accountability with an emphasis on SOX compliance
• Emphasis on SAS70 control processes to eliminate accounting deficiencies and ensure adequate controls
• Interim Servicing with 1098 and 1099 reporting capability
• Auto-calculations for all loan types including HELOCs and OptionARMs