News & Press
MORTGAGE SOFTWARE FOR ON-DEMAND LOAN ORIGINATION MANAGEMENT
VUECENTRIC ADDS CREDIT REPAIR FUNCTIONALITY TO MORTGAGEDASHBOARD
Loan officers can now keep leads warm as credit is repaired, closing more loans.
AUSTIN, TEXAS—April 14, 2008—Vuecentric Inc., the leading provider of On-Demand software for mortgage loan origination, has released a new module for use with its MortgageDashboard LOS that allows mortgage originators to provide a free credit analysis to borrowers and work with them to solve problems that prevent them from qualifying for a new home loan. The new functionality is part of the MortgageDashboard Credit Center and is provided by Credit Source One, Las Vegas, Nevada.
Investors have tightened guidelines and that's making it more difficult for many good borrowers to get new loans, said Jorge Sauri, founder and CEO of Vuecentric. Loan officers don't typically have time to nurture their leads through the lengthy process of getting their credit files updated. Our new partnership with Credit Source One makes that easy for them. They can now offer better service to their borrowers and close more loans.
According to Michael Newman, vice president of marketing for Credit Source One, the credit repair industry has a bad reputation because many donÃt understand how it works. He hopes his company can help both borrowers and mortgage originators by offering an important service.
You don't repair credit, you make amendments to it in accordance with the law, Newman said. While credit restoration is 100 percent legal (and necessary, since the vast majority of credit files have inaccuracies in them), consumers who don't work with qualified professionals run the risk of doing more harm to their files than good.
Credit Source One works with borrowers to reach target FICO scores and then passes the prospect back to the loan officer to complete the loan application. Trained professionals counsel borrowers, making suggestions and then monitoring changes in their credit reports. Throughout the process, both the borrower and the loan officer are provided periodic status updates via a secure online portal. The functionality is available within MortgageDashboard and can be accessed with a single mouse click.
Credit Source One works with borrowers to reach target FICO scores and then passes the prospect back to the loan officer to complete the loan application. Trained professionals counsel borrowers, making suggestions and then monitoring changes in their credit reports. Throughout the process, both the borrower and the loan officer are provided periodic status updates via a secure online portal. The functionality is available within MortgageDashboard and can be accessed with a single mouse click.
MortgageDashboard provides loan product optimization, loan application processing, all state-specific forms and disclosures. It also comes with the BundleOne tool that makes it easy for originators to do business electronically with vendors of their choice, such as appraisers, title companies and wholesale lenders.
About Credit Source One
Credit Source One, LLC, Las Vegas, NV., is an approved affiliate Charter Member of Jamison Law Group (JLG). They are licensed, bonded and registered with the Dept of Consumer Affairs in Nevada. The principals of the companies have a combined experience of over 50 years in the fields of lending, real estate and financial services. They also take part on a regular basis, advanced training & development in the FICO Score model. They have received expert status in the fields of Credit Scoring and Credit Restoration by Edward Jamison. Founded by attorney Edward Jamison, JLG is the developer of Credit CRM, a program designed to provide customer relationship management services through credit repair and restoration. Jamison is a recognized expert on consumer credit and identity theft. He is considered the attorney of choice for credit-related issues at companies such as Platinum Capital, Washington Mutual, Merrill Lynch, numerous law firms and is a regular contributor to both Mortgage Market Guide and MMG weekly on the subject of credit. He is also a faculty member for the Certified Mortgage Planner Institute on the subject of credit. For more information about Credit Source One, contact Mike Newman at 877-888-0377 or by visit the company's website at http://www.creditsourceone.net.
About VueCentric
Founded in 2001 VueCentric, Inc. is a privately held mortgage technology developer specializing in providing Software as a Service (SaaS). The company's MortgageDashboard, Web-based Loan Origination and Processing Software is the nation's leading paperless SaaS LOS. Based on the Mortgage Industry Standards Maintenance Organization's (MISMO) data standards and e-Mortgage guidelines, MortgageDashboard is the solution of choice for mortgage loan officers and brokers, Net Branch providers and mortgage banks for paperless mortgage loan origination and processing in real-time. For more information, contact VueCentric, Inc. at 800-209-8812, or by surfing to http://www.vuecentric.com.
“ The future of the LOS is OnDemand software as a service, customizable to the needs of the originator and the investor. MortgageDashboard has been living in this future for a long time. ” Rick Grant,
Rick Grant & Associates