The Technology Conduit to Capture
Correspondent Market Share.

The Spectrum Correspondent solution is an advanced web-based capability that enables Investors to provide lenders with an exceptional selling experience that keeps them coming back. Amidst all the marketplace changes and advances in technology investors can remain competitive by offering lenders best-fit pricing, product eligibility and rapid AU approvals.

With competition high for qualified borrowers Lenders need a 24/7 conduit storefront that is agile, reliable, and easy to use. The Spectrum Correspondent intuitive point-of-sale user interface, backed by a business rules-based engine, enables sellers to upload their closed loan files easily, quickly, and receive instant feedback on adjustments, compensating factors, and correspondent pricing tiers.

Key Features

• Provides instant decisioning on flow, bulk, and forward commitments
• Returns accurate eligibility & best-ex pricing
• Speedy rate locks and submissions
• Compliance optimization results in higher closing rates
• Accelerates loan purchases & funding
• Renders AU approvals & provides conditions & exceptions management
• Integration with any third party validation or document service (credit, appraisal, compliance, fraud, images)
• Integrated with any legacy loan management system or existing system of record
• Integration with any underwriting engine and correspondent portal.
• Eliminates emailing Excel spreadsheets
• Reinforces the seller-investor relationship & builds trust
• Seller & Investor dashboards: real-time pipeline visibility &status
• Seller account definition and management
• Batch loan import and evaluation
• Commitment management
• Automated event notifications

Spectrum Correspondent allows either internal processors or external contractors to take loan information uploaded from a seller and apply due diligence reviews. Spectrum Correspondent utilizes a rules-based engine to make changes to pricing, eligibility, and business policies using easy to understand English commands and operators. Business rules can be easily added to trigger specific actions based on results obtained from validation services.

It is paperless. Capable of providing a paperless loan purchase solution through its integration with imaging systems and vendors Spectrum Correspondent pulls data from scanned documents and automatically compares it to data uploaded from the seller, provides an underwriting decision, and alerts an underwriter of any discrepancies or actions required on the loan.