PRODUCTS FOR LEADS, REFERRALS AND FASTER CLOSINGS

1 Source Data is focusing on new ways to automate difficult tasks, like loan pricing, underwriting, and evaluating individual risk.

Virtual Loan Agent is a Web-based extended pricing engine. Prospects enter application data from their home, or originators do it from their office. Virtual Loan Agent analyzes the credit report and qualifying loan programs are selected. You choose whether to instantly tell the applicant “You’re Qualified!” or send the results to broker for a follow-up call. Virtual Loan agent increases the power of your Website, and it delivers borrowers right to your desk, day and night.

Value Comp and Quick Comp offer instant and accurate residential property values at surprising low costs. These real-time automated valuation models show the property’s value and make be sure the loan-to-value ratios are right. Value Comp includes a value estimate, confidence indicators and a statistical review of the local market. If you only need an estimated value and recent comps, Quick Comp is the low cost way to verify value. Only 1 Source Data offers Lenders a choice of reports – in-depth property analysis or simple value report.

Sometimes a lender needs to confirm income levels, and our fax-in Income Verification service confirms up to 3 years of income, with a turnaround time of just 48 hours. And getting Flood Certificates (including life of loan protection) is even easier – the certificates are usually ready in less than a minute.

Of course, the one point in the loan-cycle when everything must be done absolutely right is signing final documents. Increasingly, it’s not efficient or convenient for the borrower to travel to your office. So, with just one phone call our Notary Service will travel to meet your borrower and professionally complete the signing. One phone call puts you in touch with 12,000 locally knowledgeable notaries, and appointments are confirmed in 20 minutes or less. Reasonable prices, guaranteed professional representation, and more time to focus on your business.

For more information, see origination tools and funding tools.