Spectrum

Imagine Offering A Fundable Decision at The Point Of Sale. Retail, Wholesale, or Correspondent.

Prospective borrowers want and expect immediate decisions. The Spectrum Loan Origination Systems provides lenders with a true commitment-to-lend decision at the point-of-sale; a technology platform that can mitigate risk throughout the entire loan lifecycle with flexible origination multi-channel support. At its core the rules-based process integrity engine makes it easy to continually refine workflow efficiencies through the use of simple English operators allowing you to focus on loan quality:

• Apply consistency across your entire operation
• Build in process controls to define your workflow
• Apply risk models and workflow rules to address and repair problem loan files
• Verify loans comply with investor guidelines
• Adjust pricing in seconds
• Quickly adjust underwriting guidelines
• Build rules for coordinating your point-of-sale activity with your lock desk
• Make intelligent business decisions using accurate reporting
• Mitigate risks through comprehensive auditing capabilities.

Designed to reduce the cost to originate, improve loan quality, and help control operational risks through the use of rules to enforce your guidelines consistently Spectrum is supported by over 300 established 3rd party provider configurations providing easy integration of the services and analytics you likely already use today to qualify your loans.

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Insight

ORIGINATION

The Next Generation Loan Origination Workflow Engine That Puts You In Control Of Processing Consistency.

The mortgage market requires insight into managing risk, it requires an agility to adapt and adjust to market conditions. Most pricing and eligibility engines consider only a fraction of the information needed to make an informed decision to lend. The majority of risk factors are often left for your internal production team or a third-party AU engine to evaluate.

The Insight Process Integrity Engine, available in all Spectrum Channels, provides:

• Next generation decision intelligence
• The most comprehensive evaluation of loan quality
• Combines pricing and eligibility, automated underwriting, automated workflow routing and task management, business rules management, and risk calculation
• Due diligence interfaces including Credit Data, Asset / Collateral Risk, AVM / Appraisal, IRS Income Verification, Identity Theft, Broker / Seller Watch-lists, OFAC
• Compliance and Predatory Lending / Fair Lending Regulations
• Flood and Title Data
• Integration with DU / LP
• Infinite configurability
• Conditions Management

All of these functions work in conjunction to provide lenders with a total risk profile for every loan with support for conventional (conforming and non-conforming) and government loan programs. Insight's ability to address risk extends all the way to the point-of-sale. There, a true commitment-to-lend decision can be given to customers with risk factors such as borrower capacity, fraud, compliance or the lender’s proprietary risk models are used to make the decision.

The Insight Process Integrity Engine enables lenders to evaluate the quality of every loan consistently based on its own merits; determining and executing the right level of review; and reducing exposure to the operational risks associated with loan buybacks. Call 877-338-7140 today for a demonstration or click here to request one.

LOSS MITIGATION

The Next Generation Loss Mitigation Engine Puts You In Control Of Optimal Outcomes.

The Insight Loss Mitigation Process Integrity Engine empowers business users to be in control of policy changes and workouts which adhere to compliance requirements. Insight incorporates a flexible rules based engine and an integration hub to:

• Evaluate eligibility for investor specific workout options
• Evaluate NPV calculations associated with each workout option
• Generate workout specific tasks, conditions and informational messages
• Identify the denial reasons for workout options
• Maintain audit trails for each and every decision (NPV, eligibility, tasks, conditions)

Through our service integration hub Insight connects with multiple third party vendors supporting accurate and compliant decisions for individual investors. Insight is flexible enough to analyze and act upon any type of loss mitigation data or analytics including:

• Servicing System loan data
• Borrower Intent / Fraud
• Proprietary Market Analytics
• Credit Data
• Asset / Collateral Risk Analytics
• AVM / Appraisal
• Compliance
• BPO
• Title
• IRS Income Verification

Insight puts you in complete control to update investor specific workout options, NPV, and fulfillment tasks by uploading common-format spreadsheets. It automates consistent and compliant loss mitigation decisions throughout the entire organization and maintains an audit trail for tracking and regulatory inspection. With the Velocity Approach the Insight solution implementation is achievable in 60 days (includes 15 Investors).

Optimizer

Optimize The Cure Rates For Non-Performing Assets. NPV Calculations With Optimal Workouts.

Mortgage portfolios are imposing numerous challenges for servicing organizations today and often making it difficult to become proactive. Commerce Velocity’s Optimizer helps Servicing organizations maximize cash flows from delinquencies, and enforces workout consistency throughout the default management process. By applying NPV calculations, cash flow projections, valuation models, and comprehensive workout guidelines, our technology provides the most intelligent outcomes possible. Our Optimal Outcome module monitors your portfolio and assigns loans based on performance and other characteristics. The ability to carefully monitor ongoing loan performance is complimented by a simple business logic modification tool designed for business users. The Optimizer solution:

• Captures updated borrower data
• Retrieves and decisions against third-party data (i.e. Credit, AVM)
• Provides collectors/negotiators with eligible workout scenarios
• Applies NPV and cash flow projections
• Ranks results in order of favorability
• Generates conditions and provides conditions management tools
• Integrates document imaging
• Allows business users to quickly modify workout logic
• Extends directly to borrowers via the Borrower Portal

By enforcing consistency, and determining optimal cash flow workout solutions, Optimizer will not only help your organization realize better cash flows but it can support the consistent treatment of your borrowers. Optimizer can be extended directly to your borrowers to offer an alternative medium for understanding which workouts are available for them. The Borrower Portal provides borrowers the transparency necessary to understand their options without having to speak with anyone. The Borrower Portal can be linked from within your website, and borrower data can be uploaded to your current default management systems for fulfillment.

AssetX

Uncover The Hidden Risks And Opportunities.

AssetX is an invaluable tool to Investment Banks and Traders. AssetX enables investors to capitalize on market opportunities by consolidating essential data points, processing this data according to guidelines, and presenting traders with an unmatched level of transaction insight. By applying risk and valuation models, market data, and complex acquisition guidelines, Investment Banks are armed with the intelligence needed to make more profitable asset acquisitions.

The mortgage asset landscape will always be wrought with pockets of hidden risk. The important thing is to uncover potential liabilities before you own the liabilities or can’t act to mitigate the downside risk. The AssetX solution helps Investment Banks take a multidimensional view of an asset evaluating the property data, loan data, and borrower data, to act in a timely manner.

The AssetX solution:

• Evaluates pools and individual assets
• Applies risk and valuations models
• Consolidates and analyzes third-party market data for decisioning
• Applies NPV and cash flow projections
• Presents traders and transaction managers with immediate results
• Provides purchase recommendations based on your tolerances
• Generates purchase conditions and purchase advice
• Integrates document imaging
• Includes reporting capabilities
• Allows business users to quickly modify business logic

Our asset acquisition module comes highly integrated with several market data providers, and can easily be configured with your proprietary models. With our Velocity Approach modifying your business logic and risk models can be accomplished swiftly so you don’t miss out on market opportunities.