PCLender Releases Updated Version Of Its LOS

PCLender has released the next generation of its loan origination system (LOS).

The new version supports consumer direct, retail, wholesale and correspondent business channels; has a new user interface; and provides many new features, such as paperless document management, investor delivery and record archiving, the company reports.

The system can be customized with unparalleled ease, the firm says in a release. That means less heavy lifting for a lender’s internal IT team.

Although the LOS comes pre-configured with industry best practices out-of-the-box, it also allows for fine-tuning.

In addition, the new version sports the following features and capabilities:

  • Supports real-time work queues and dashboard reporting;
  • Offers paperless document management, investor delivery and record archiving;
  • Has best of breed vendor integrations, which ensures comprehensive functionality options for documents, PPE’s, fees, compliance and fraud;
  • Automates workflow to improve service levels and reduce costs;
  • Includes real time compliance checks to ensure loans are closed with data that is compliant and matches approval, vendor integrations, last AUS and lock data;
  • Provides rules-based system workflow that can be managed by business analysts; and
  • Offers data protection and disaster recovery managed by PCLender.

In a release, Lionel Urban, CEO of PCLender, says these new capabilities “mean lenders can focus on growing their business rather than on technology and integrating various systems and vendors.”

PCLender uses a rules-based engine as opposed to the template-based engines other LOS providers use. The rules-based LOS empowers lenders to customize business rules, ensuring consistent, compliant loans every time, the company claims.

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