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LIVONIA, MI-In the field, point-of-sale mortgage lenders have a powerful new tool available to them from Dynatek Inc., a developer of software products for the mortgage industry.
"MorVision," a Windows-based software system designed to automate mortgage origination and front-end marketing activities for lenders, was released by Dynatek a year ago.
Several Crossland mortgage lenders worked with the company to tailor MorVision's tools and functions for inthe-field originations.
Today, the software serves as the cornerstone of Dynatek's mobile loan office (MLO) concept.
MorVision is a graphical user interface (GUn based software available with interfaces to both Freddie Mac's Loan Prospector and Fannie Mae's Desktop Underwriter automated underwriting systems.
It is network compatible and designed for processing all types of mortgage loans.
The software enables loan officers in the field to use laptops to complete the prequalifying, good faith estimate, credit checking and loan application process...