Origination Technology

Technology

Vendors Team Up to Speed Information Flow

By Anthony Garritano

SAN DIEGO - Realizing the need for brokers to get a borrower locked into a loan as quickly and efficiently as possible, origination vendor Del Mar DataTrac Inc. here has integrated with pricing and decisioning vendor LoanSifter.

This combination enables the transfer of borrower and loan information bi-directionally between the two systems, allowing a user to create a borrower file in LoanSifter, DataTrac, or other point of sale loan origination software tools. Within LoanSifter, the loan can be priced out and submitted to the lock desk. Lock Desk Managers can instantly price and reprice loans as they are being submitted to the secondary marketing desk, ensuring maximum revenue on every transaction.

In addition, LoanSifter provides the option to automatically sync these files for changes occurring on either system, flowing bi-directionally between both systems on all updates. When this sync occurs, users from the secondary marketing desk as well as the originators are optionally notified via e-mail about exact updates made to the loan file.