Magazine article Mortgage Banking

Dexma Launches Lending Suite. (Tech Newz)

Magazine article Mortgage Banking

Dexma Launches Lending Suite. (Tech Newz)

Article excerpt

DEXMA INC., MINNEAPOLIS, HAS launched a comprehensive package of products called the Dexma Lending Suite. Built specifically for retail lenders that want to attract online borrowers and streamline their lending practices, the Dexma Lending Suite combines a lender-branded consumer Web site with a robust toolkit for loan originators. The consumer Web site includes a loan "wizard" that consumers can use to check rates available to them by filling in basic information, as well as a rate tracker, estimated closing costs and a real-time status page that borrowers can check to see how their loan is progressing through the process.

The borrower's data--even if the borrower only completes part of the loan application--automatically populates the loan officer's pipeline, enabling the loan officer to follow up before the borrower goes elsewhere. Then the loan officer can pull the borrower's credit online, select and price a product, get an underwriting decision in minutes and incorporate the underwriting results into the origination process. …

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