Teraverde Launches SimpleSteps Origination Manager

Teraverde Management Advisors, a national consulting firm in the banking and financial industries, has introduced SimpleSteps Origination Manager, designed to increase loan officer (LO) productivity and profitability and also improve compliance for Ellie Mae Encompass users.

SimpleSteps improves compliance, reduces human error, increases data integrity, improves internal controls and oversight, and ensures adherence to timelines and milestone dates.

This origination manager lets banks, mortgage bankers and credit unions manage LOs by skill level and product line, as well as integrate bank branch personnel into the residential origination and lead generation process. It can be customized to provide total control of the origination process based upon the product, channel and experience of the originator.

SimpleSteps controls the path for lead management, pre-qualification and loan application for LOs originating first mortgages, second mortgages and home equity lines of credit with Encompass. It provides a step-by-step process to originate a loan, complete with a script, compliance help and contextual help on a single, easy-to-use screen.

‘SimpleSteps is designed to enable a lending institution to customize its loan origination workflow and deliver efficiency and control in multiple ways and at multiple touch points during the loan process,’ comments Jim Deitch, co-founder and CEO of Teraverde.


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