Increased efficiency, instant pre-qualifications and
client-side security controls
SAN DIEGO, CA (November 26, 2002) – 1 Source Data
today announced the release of version 5.0 of its popular
Origination Tools Internet transaction platform for mortgage
lenders. Offering a fully integrated suite of software tools,
Origination Tools provide one point of access to products
and services needed during the underwriting process. Improvements
include access to additional business data as well as technology
enhancements designed to increase both efficiency and security
controls.
Commenting on the announcement, John Merrill, 1 Source
Data’s President said, “Our latest version of
Origination Tools further strengthens our ability to streamline
the credit decisioning process for mortgage lenders. We’ve
included new functionality that positively affects the efficiency
of their workflow and enables them to comfortably process
even more loans.”
In addition to its already robust feature list, Origination
Tools V5.0 includes the following enhancements:
• The ability to un-merge co-borrower credit reports,
issuing a new real-time report generator that eliminates
the cost of running a whole new credit file. This no-charge
feature also allows clients to extract single and two-bureau
reports from merged 3-bureau reports.
• Assignment of randomly generated identifiers, allowing
authorized lenders to view either the original or annotated
credit report.
• A new pre-qualifying tool to instantly determine
front end and back end ratios using the borrower’s
credit file liability data.
• Batch printing, enabling high-volume users to order
multiple requests at one time, enhancing productivity.
• Customized access restrictions, allowing the system
administrator to restrict functionality. This provides more
control over information and limits fraud.
• Additional security via client directed access restrictions,
limiting user access to computers specifically authorized
by the company’s administrator.
• Tools to measure productivity of specific individuals,
giving administrators new information they can use to make
personnel decisions.
• Increased efficiency via elimination of several
administrative steps.About 1 Source Data
Headquartered in San Diego, California, 1 Source Data is
a leading provider of integrated technology and service
solutions for the financial lending industry. Technology
solutions include Origination Tools, an integrated Internet
based platform to support fast, accurate credit decisions;
Virtual Loan Agent, an Internet-based credit decision making
tool for automatic consumer finance loan approval and Credit
Analyzer, simulation software to help lenders improve consumer
credit scores. Service offerings include quickly removing
erroneous credit information from borrower files, income
verification for self-employed borrowers and same-day trade
line verifications. 1 Source Data’s technology handles
more than 800,000 new borrower files a month and is used
by hundreds of lenders across the nation.
More Information on 1 Source
Data’s Credit Services.
MORE NEWS...
01.02.2004
1 Source Data and First
Lenders Data Announce Partnership with
First Close, LLC
10.01.2003
1 Source Data Adds Credit
Analyzer Re-Score Simulator to its Origination Tools Software
Suite
09.13.2003
1 Source Data Adds Quick Value
AVM Services to its Funding Tools Software Suite
04.04.2003
1 Source Data Adds Notary Management
to its Software Suite
01.13.2003
1 Source Data Adds Value Comp
to its Funding Tools Services
12.09.2002
1 Source Data Forms Partnership
With RealEC™
11.26.2002
1 Source Data Releases Origination
Tools Version 5.0
