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  • "As a banker using LoanSifter, my loan originators can offer the market a more competitive, more diverse product line. In the end, we can get our borrowers into loans with the best rate and product type for their situation."
    Peter Prickett, President, FNB Bank
  • "Having the ability to check mortgage insurance rates…within LoanSifter will not only help us respond to customers with a quick, clear and concise mortgage insurance quote, but will also streamline our overall pricing process while helping us stay compliant."
    Corey Dubnoff, President of American Financial Resources, Inc.
  • "LoanSifter Banker has integrated extremely well with our LOS Encompass. When we were in the market for a PPE, LoanSifter stood out due to its interface which was easy to navigate."
    Hany Rozek, Profit Manager, Vantage South Bank
  • "With LoanSifter's automated Product Comparison Disclosure document, I can ensure compliance and get a competitive edge with no added steps."
    Jack Terrell, President of California Mortgage Advisors, Inc.
  • "LoanSifter is very important to our business and I think it will continue to increase over time as we grow as a company. The plan is always to increase our business, but as the business does improve, I feel LoanSifter will become even more valuable to our operation."
    Edward Rogers, VP Operations, American Nationwide Mortgage Co
  • "LoanSifter's usability is the reason why we keep the product. Its pricing capabilities allow us to stay on top of rates and provide fast quotes to our borrowers. LoanSifter does not press the issue of add-ons, which a lot of other PPE providers do. It’s straight and simple to the point."
    Erik Jorissen, President, Cornerstone Mortgage Group
  • "LoanSifter has made the transition of incorporating loan officer compensation into our daily workflow easier than we could have ever imagined."
    Jeff Young, VP of Secondary, Mortgage Services III
  • "As our business expands and our volumes increase, we will continue to rely heavily on LoanSifter, but this is something we expected once we chose to work with a pricing solution. We work with more than double the investors now than we did three years ago."
    Scott Thomas, Sr Loan Officer, Bank of Lake Mills
  • "Having all of the LoanSifter features, which include the ability to get price quotes on different scenarios, robust secondary tools, DataTrac integration along with the ability to set up and assign different loan officer compensation plans, has given us a distinct advantage in the marketplace."
    Jeff Young, VP of Secondary, Mortgage Services III
  • "LoanSifter uses my investors' data in real-time, automating our workflow."
    Jack Terrell, President of California Mortgage Advisors, Inc.
3/9/10eOriginations Press Release

LoanSifter Releases An Industry First With New eOriginations Platform for Lenders

LOANSIFTER RELEASES AN INDUSTRY FIRST

WITH NEW EORIGINATIONS PLATFORM FOR LENDERS

Point-of-sale (POS) origination platform combines customizable mortgage applications with real-time pricing; serves growing number of home buyers shopping for mortgages online

 

 

APPLETON, WI—March 9, 2010—LoanSifter, the leading provider of web-based loan product eligibility and pricing tools, today announced the release of its new eOriginations point-of-sale (POS) platform, the mortgage industry's first consumer-facing POS origination platform that combines real time pricing technology with a highly customizable and easy to manage online mortgage application.

 

eOriginations (www.eOrginations.net) provides a powerful yet inexpensive solution for lenders of all sizes to quickly take advantage of the increasingly tech-savvy consumers shopping for mortgages on the Internet. Backed by LoanSifterís unparalleled back-end automated pricing engine, featuring products and guidelines from over 135 correspondent and wholesale investors as well as automatically updated rates in real time, eOriginations incorporates all the essential elements for loan origination, including credit reports, eligibility and pricing, APR calculation, Good Faith Estimates, disclosure documents and the collection of eSignatures. eOriginations tightly integrates with Wolters Kluwer Financial Services, the market leader in document and compliance solutions for banks and credit unions, and many credit vendors including Kroll Factual Data and CBCInnovis. eOriginations also integrates with existing loan origination systems (LOSs) and is available through several cost-effective pricing options.

 

"Originations is simply more powerful than any other solution on the market, and itís less costly," said LoanSifter president Bruce Backer. "For the first time, all lenders – regardless of size – now have a POS solution that provides complete delivery of loans from beginning to end. While other solutions provide manually updated product and pricing information, eOriginations is the first to deliver automatically updated rates, products and investor guidelines in real time, and the first to combine this with fully customizable online applications and tools. And it takes virtually nothing for lenders to get started – eOriginations is ready to go in days, not months."


Features of the eOriginations platform include:

 

          Consumer facing Web pages and marketing tools

          Fully customizable online 1003 application

          Real-time featured rates with automatic updates

          Simple drag & drop web publishing

          Fully compliant electronic disclosure capability

          Automated delivery of loan status updates

          Manual and/or automatic rotation of loan officer assignments

          Email reminders to consumers

          Consumer-driven rate watches

 

Backer added, "Today's borrowers want access to all loan products, rates and prices they can get their hands on, and yet they also want the convenience of completing their applications securely and at their leisure. With eOriginations, lenders can give consumers everything they need, while at the same time directing consumers to their most competitive offerings. Not only that, but weve made this solution available at just a fraction of what many larger institutions have spent developing less powerful consumer-facing tools and applications. eOriginations does more than level the playing field – it represents a whole new field of play."

 

About LoanSifter

LoanSifter, Inc. provides the banking industry's most comprehensive tools for mortgage bankers, loan officers and secondary departments to price, market and manage loans. The companyís flagship product, LoanSifter, is an accurate, web-based product eligibility and pricing solution providing banks, credit unions and brokers with advanced tools to improve their service levels and increase profits. LoanSifter boasts the most comprehensive investor database in the industry with over 135 correspondent and wholesale lenders. For more information about LoanSifter, call 920.268.4770 or visit www.LoanSifter.com.