Lenders utilizing the ""MarksmanLMP"":www.mortech-inc.com/products/marksmanlmp/ platform from ""Mortech, Inc."":www.mortech-inc.com/, are set to gain an advantage when analyzing a borrower's credit score.
[IMAGE]The company recently announced that it would add a credit report solution to the technology module that will provide faster access to information on potential consumers.
Mortech's MarksmanLMP program, which functions as a credit reporting engine, will enable lenders to review a borrower's full credit report while within the platform. Additionally, the
[COLUMN_BREAK]enhanced credit service will be made available to all MarksmanLMP users.
When Moretech first launched MarksmanLMP, the technology solution served as a product and pricing engine, but as the module evolved, MarksmanLMP became a full lending management platform. Currently, MarksmanLMP helps lenders evaluate and track mortgage customers while streamlining operations, and if a borrower isn't initially eligible for a loan, the system is allows originators to follow the consumer's progress so that they can pursue a borrower once they're able to qualify for a mortgage.
Elaborating on the changes to Moretech's MarksmanLMP module, Don Kracl, president of the company, said, ""This capability gives loan officers the ability to accurately pre-qualify leads using all of the information from the credit report prior to hitting the LOS.""
Kracl continued his statements, adding, ""If the deal will work, the credit report information will be delivered seamlessly to the LOS, along with the ability to reissue credit without an additional fee. If the lead doesn't result in a ready borrower, it remains within the MarksmanLMP lending management platform to be nurtured as a future prospective borrower.""