Content area
Full Text
Note: photo, randy Schmidt
Data-Vision Inc. has released a new version of its LoanQuoter software that allows lenders to facilitate the mortgage loan application process through its consumer-facing Web portals.
The new LoanQuoter Version 7.02 marks the software's evolution from an online application system to a point-of-sale solution. "We've added functionality for delivering e-disclosures," noted Randy Schmidt, president of Data-Vision.
"In the past we had the online application. Lenders could have borrowers apply online and directly feed that back into their LOS. With the new release they can produce their GFE, TIL and servicing disclosure immediately and e-deliver that to the borrower. By adding that in, the lender can do it electronically at the point-of-sale or...