InHouse Mortgage Enterprise LOS

PCLender's InHouse Mortgage Enterprise is a powerful and comprehensive mortgage lending business software system, unrivaled for its cost effectiveness and functionality. Its end-to-end architecture allows higher-volume, multichannel lenders to perform like the Fortune 500, while significantly decreasing the costs of technology and technology support.

InHouse Mortgage Enterprise combines a seamless business process architecture configured for unique customizations with the most common-sense delivery mechanism to create an industry-standard technology model. Its array of customizable tables allows lenders to respond with agility and creativity to changing market dynamics, while ensuring that compliance responsibilities are met.

It is widely accepted that technology has leveled the field for mortgage lenders of all sizes. Today it is the delivery of technology via SaaS that offers the greatest impact on operational efficiency, risk management (security and compliance), and profitability.

Most non-vendor mortgage technology experts agree that SaaS is the future of mortgage lending business software. If your current LOS provider is not ready to tell you this, it is because they are not ready to deliver and cannot match the InHouse Mortgage Enterprise model or its infrastructure security and maintenance commitments.

Origination: Loan data summary and reporting. Access your mortgage loan pipeline using the integrated search and reporting functions. A single summary screen provides a convenient overview of key loan information.

Automated credit grading: This feature ensures that loan transactions are consistently graded based on imported credit report data. Subprime pricing is accurately provided based on this credit grade along with loan-to-value parameters.

Data security and integrity: Data checks with pass, fail, and warning prompts are provided throughout the system to ensure that information is gathered completely and correctly for automated underwriting systems, HMDA, and general loan processing.

Final values: Lock down information by recording changes to select fields. The final value tool records the original value, the changed value, and the user's reason for the changes.

Security and compliance management: State licensing requirements can be tracked and linked to business rules for loan originators, branches, brokers, and vendors. Multiple license types can be managed by type of lender, lien position, or state licensing type. High-cost lending rules may be implemented to ensure that loans are properly disclosed and/or made. Audit logs are available to track field level changes, the issuance of disclosures, automated underwriting system findings, and e-mails sent from within the LOS application.

Contact management: Contacts and companies associated with a loan—including escrow, title, appraisal, real estate agents, brokers, and investors—are easy to access during the loan process.

Document data security: InHouse Mortgage Enterprise was designed with data security and compliance in mind. Administrators can select different levels of security and assign passwords for both individual users and companies. This includes field-level security that may be triggered based on the loan status. Customer data is not stored on workstations, and user rights may be configured to eliminate data exports.

Embedded vendor interfaces are provided for credit reporting, flood certifications, mortgage insurance, fraud detection, compliance, and automated underwriting systems. Information automatically populates print forms and applicable screens. User names and passwords can be centrally managed by the user, the branch, or system-wide.

A library of more than 3,000 print forms have predefined rules to ensure simplified disclosure based on the characteristics of the loan applicant. Forms have been created to support initial disclosures, mortgage insurance, prepayment penalty, ARM, and other lending criteria. These forms support loan origination, processing, approval, closing, and internal business requirements such as loan reconciliation. They may be viewed, printed, e-mailed, or faxed within the LOS application.

Generate and auto-populate GFE fees based on the loan parameters, geographic location, and your own business criteria.

An enhanced program picker allows originators to find the best available loan program based on the rate of a note and the lock period. Automated pricing adjustments ensure loan programs are quickly and accurately priced at the time of loan origination.

PCLender allows lenders to link daily rate sheets or live investor feeds directly to the loan program table. Locks are managed within the mortgage lending software system to accurately track the cost of funds, delivery deadlines, and transaction fees associated with loan delivery and warehouse lending. Secondary market loans may be fully reconciled within the application, and loan level profitability can be reported by product type, origination source, or investor.

For an item-by-item comparison of InHouse Mortgage loan origination and compliance platform solutions, click here.