Magazine article Mortgage Banking

GMD and ARC Systems Expand Strategic Partnership

Magazine article Mortgage Banking

GMD and ARC Systems Expand Strategic Partnership

Article excerpt

GUARDIAN MORTGAGE DOCUMENTS (GMD), Lakewood, Colorado, and ARC Systems, Austin, Texas, have expanded their strategic partnership to include an integration of GMD's document engine and ARC Systems' Loan Finder Express[TM] (LFE). The integration will create a complete point-of-sale solution for midtier lenders that includes instantaneous product and pricing decisions and complete, real-time disclosures. Because both GMD's document engine and LFE are application service provider (ASP) solutions, loan officers and brokers will be able to quickly and easily access the solution via the Web from any location. The integration is expected to be completed in the second quarter of 2005.

Lenders using the integrated solution eliminate disclosure challenges, increase closing ratios, reduce costs and increase accuracy of product and pricing. Because the solution is automatic, lenders are ensured that the required predisclosure documents are provided to the borrower immediately. By providing the disclosure documents at the point of sale, originators can secure a borrower's signature and commitment immediately, increasing closing rates. The integration will reduce costs through the elimination of redundant data entry and by enabling accurate and complete data to flow from the point of sale into subsequent areas of the mortgage process, including compliance systems.

Designed for midtier lenders and brokers, Loan Finder Express is an extension of ARC Systems' other decisioning products in the company's end-to-end mortgage origination and processing suite. …

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