Home >> Headlines >> LoanLogics Enhances its Investor Module
Print This Post Print This Post

LoanLogics Enhances its Investor Module

Pennsylvania-based LoanLogics, a loan quality technology provider for mortgage manufacturing and loan acquisition, has announced that it has enhanced its LoanHD Investor Module for Correspondent Loan Acquisition by expanding the mandatory loan commitment options and adding direct trade capabilities, improving the ability of both investors and sellers to lower costs and enhance profitability.

In a statement, LoanLogics said that the investor module automates every step in an investor’s loan acquisition workflow from initial loan pricing, creation, and management of commitments all the way through locking, hedging loan funding and onboarding.

“By adding the ability to conduct direct trades through a greater variety of mandatory commitment types, LoanHD Investor Module can help investors conduct more targeted trades, reduce costs, maximize profits, and capture seller business in more ways than ever,” said Melissa DeBlasio, Product Manager, Correspondent Lending Acquisition. “Sellers also have the freedom to direct the production with greater control and flexibility to maximize their own returns.”

The new module includes:

  • New Direct Trade Capabilities for investors to create loan commitments by agency, product and security type, and/or coupon rate. The platform enables investors to define which programs correspond to each security, which is then used for pricing and eligibility decisions.
  • Enhanced Commitment Management helps investors to choose to blend unfilled commitment amounts into a new direct trade; roll open amounts to the next month and securities; extend open commitments to the next settlement month; or close off an open commitment with or without a pair-off fee.
  • Trade Confirmation where after every direct trade, the LoanHD Investor Module generates a trade confirmation PDF, which includes commitment details, important dates, and eligible loan programs, as well as rate, adjuster and price information. Roll and pair-off information can also be included in the trade confirmation PDF.

About Author: Radhika Ojha

Radhika Ojha is an independent writer and editor. A former Online Editor and currently a reporter for MReport, she is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her master’s degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas.

Check Also

Borrower Demand Driving the Digital Mortgage Revolution

Souren Sarkar of Nexval, a 25-year industry veteran, shares his insight on how digital advances will change the industry’s workflow and keep customers happy.

Subscribe to MDaily

MReport is here for you to stay on top of important developments in the mortgage marketplace. To begin receiving each day’s top news, market information, and breaking news updates, absolutely free of cost, simply enter your email address below.