Bridgelock Capital Selects PCLender's Integrated Mortgage Document Imaging and Management Module.Virtual File Allows Lenders to Store and Track Loan Documents from Pre-Qual to Post Closing HONOLULU -- PCLender.com, a web based Coming from a Web server. See Web application. software and services solutions provider to mid-sized mortgage bankers Mortgage Banker A company, individual or institution that originates, sells and services mortgage loans. Notes: Don't confuse a mortgage banker with a mortgage broker. , has added integrated imaging and document management to its InHouse Mortgage Enterprise Lending System, providing lenders new levels of efficiency for loan processing, underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. , investor delivery, and file archiving. PCLender's imaging component includes web based document storage allowing all users with access to the InHouse Mortgage system to load and view documents via a completely hosted system. All stored document images are linked both to loan status and conditions specific to a loan's requirements. The system allows management to assign security rights to view, load or clear documents based on a user's role in the transaction. Users of PCLender's document imaging and management component will experience the following benefits: * Originators can easily link images such as pay stubs stubs The shares of equity in a firm that is financed almost completely with debt. Stubs are often created when firms go through a leveraged buyout or pay big cash dividends in order to fend off a takeover. , W-2's or bank statements for centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. review by the processing and underwriting departments * All documents required for electronic delivery to the investor can be managed and exported for streamlined loan delivery to investors * Reduced copy and storage expenses associated with file storage and archiving * Simplified documents search for closed, cancelled, and denied transactions * Streamlined process for outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. solutions such as contract processing, underwriting or quality control reviews * Simplified implementation and training steps for immediate system integration and use "Due to the rigorous demands of the real estate lending marketplace, and the need to streamline processes, lenders of tomorrow will require document imaging and management to be successful," said Bridgelock Capital COO Brent Houston about the firm's decision to implement the PCLender tool. "The PCLender component allows me to quickly identify and assign accountability to each of my staff members throughout the entire process." "Lenders need document imaging and management tools to function seamlessly from loan application through post closing and secondary marketing," said PCLender founder and president Lionel Urban. "The imaging module of PCLender's InHouse Mortgage system allows lenders to create a virtual file at loan prequalification and through it to manage all relevant documents across the loan lifecycle." User tools include easy drag and drop A graphical user interface (GUI) capability that lets you perform operations by moving the icon of an object with the mouse into another window or onto another icon. For example, files can be copied or moved by dragging them from one folder to another. , or icon features to organize and approve documents in the virtual loan file. In addition, document images may be viewed on a Clipboard A reserved section of memory that is used as a temporary holding area for data that is copied or moved from one application to another using the copy and paste and cut and paste (move) menu options. Each time you transfer something into the clipboard, the previous contents are deleted. basis to create a virtual file while working within a loan transaction. For long term storage, lenders may archive document images either online or on their own system. About Bridgelock Bridgelock Capital is the NextGEN Subprime Lender incorporating common sense underwriting for borrowers and/or properties that do not meet conventional underwriting guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. . With over 30 years of experience, Bridgelock Capital incorporates technology and autonomy, to ensure that each transaction is successfully completed in a timely manner. About PCLender.com PCLender.com provides web based software and services solutions to mid-sized mortgage bankers. Its mission is to empower lenders to deliver expert mortgage banking services while delivering the highest quality loan product both to the consumer and the capital markets. PCLender.com believes that expertise and quality lending practices equate e·quate v. e·quat·ed, e·quat·ing, e·quates v.tr. 1. To make equal or equivalent. 2. To reduce to a standard or an average; equalize. 3. to the highest level of success for lenders. It designs systems and solutions to help them. For more information contact Sean Dugan at SDugan@pclender.com. |
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