Speed is the criteria that most origination systems are judged by. But speed without effective underwriting and team management is useless. Portfolio Plus enables you to produce the mortgage, lease, and loan financing deals you need in the most profitable manner possible. With Portfolio Plus you can do better financing deals—and you can do them faster.
You can design your own custom underwriting decision engine based on virtually any criteria including demographics, credit bureaus, asset types, and more. Or you can use a third party underwriting decision engine like Equifax iDecision.
Portfolio Plus uses a web interface which means you can deploy your origination system globally, anywhere the internet is available, using any device like a computer, iPhone, Android device, or a tablet.
You can also give agents and brokers secure and limited access to Portfolio Plus's origination features so they can submit applications and review the status of any deals they have with you.
With Portfolio Plus, you can originate virtually any financial instrument you want, including loans, mortgages, commercial mortgages, car leases, retail accounts, and more. You get the benefit of using an origination tool that can be integrated with a banking class financial system.
With Portfolio Plus, you get to see how your team is operating at a glance so you can step in and re-assign resources where necessary.
Portfolio Plus will tell you the status of all applications and the deal amounts of those applications.
Applications for financing can come from a number of different sources today. An application may come from a third-party system with a proprietary interface like D+H Expert* or DealerTrack*, or it may be input directly by one of your employees. In any case, Portfolio Plus compiles the initial data and lets you input more data, if required, to complete any given application.
* SIT recommends that you form a direct relationship with any third parties before you begin any business planning or new product roll out.
With Portfolio Plus, you have numerous ways to fulfill applications with complete control. You can assign applications to underwriters or pick up applications on the system. You even have the ability to define levels of administrative control to let your managers assign financing applications to staff. So when underwriters are away their workload is reassigned and the application process is uninterrupted.
Portfolio Plus's automated underwriting feature allows you to consider the most important data when making your financing decisions, including:
The Offer Page provides underwriters with a pass or fail decision on the application.
Checklists are used to ensure all relative collateral material and information is collected before a financing deal can be approved. You can customize checklists to suit your organization's needs.
Once you decide to underwrite a loan, mortgage, or a lease, you need to produce the documents required to close the deal. Portfolio Plus includes Office Link, which is a powerful document generator that can produce automated letters, such as:
Commitment is the final stage, where an organization commits to financing a deal. Portfolio Plus can then upload the data into a loan administration system using a particular data format that is suited to the target system.
This page was created or refreshed on March 29, 2019 @ 14:11:03
by Strategic Information Technology (SIT) Ltd., Stouffville, Ontario, Canada
You're here to learn about: Loan Origination Software