Opteum Financial Services, like most mortgage lenders, requires key software to run their businesses on a daily basis. topLingo was hired to build one such application ... an Automated Underwriting Engine (AUE).
$1,000,000+ project, 100% customizable, over a year in development, infinitely scalable and amazingly fast topLingo produced an exceptionally accurate AUE that allows Opteum to control all aspects of the system including loading and managing all of their product guidelines.
This highly secure online software integrates with 4 credit vendors, a risk analysis vendor and has the ability of qualifying borrowers for several types of Opteum loan products with pinpoint accuracy and blazing decision results in under 3 seconds. The industry average for an AUE's decision is from 15 to 30 seconds. This application
Application overview includes:
- Rules-based engine designed with logic, compensating factors, and risk grading.
- Utilizes the S&P levels for risk grading for certain loans originated
- Pre-qualification system
- Underwriting decision engine
- Risk Analysis Interface
- Full integration with internal Loan Orgination Software (LOS)
- Private label support
- Full admin control
- User access level support.
- Enhanced security
AUE software advantages:
- Standardization & consistency of underwriting processes for all origination channels
- Risk analysis underwriting
- Robust & flexible engine
- Credit report agencies
- Improved efficiencies with decreasing expenses
- Improved time efficiencies
- Automated exception process
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