SharperLending's Interface Enables Lenders to Bundle and Originate; New Functionality Increases Offerings to Lenders.SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- SharperLending, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , provider of a secure Web-based ordering platform for lenders to order, store and manage mortgage products from multiple vendors at a single point of entry, announced at the 91st MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration Annual Conference and Exposition its interface with Fannie Mae's automated 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. system, Desktop Underwriter (DU)(TM), and Desktop Originator (DO)(TM). The Web-based platform interface enables lenders to take a loan application, receive automated underwriting decisioning and order vendor services at one location, allowing for tighter integration with loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. systems and automated underwriting engines. "As the marketplace focuses on productivity, SharperLending is developing features and new functionality to allow lenders to achieve bottom line profitability," said Dave Black
David Black (April 19, 1892 - October 27, 1936) was a pitcher in Major League Baseball who played in the Federal League from 1914 through 1915 for the Chicago ChiFeds/Whales (1914-1915) and Baltimore Terrapins , president of SharperLending. "The interface with Fannie Mae Fannie Mae: see Federal National Mortgage Association. is another enhancement on the SharperLending platform that makes lenders' lives less complicated. They now have one spot where they can originate a loan, obtain an automated underwriting decision and order settlement and collateral valuation services without leaving a single online system." SharperLending's advanced point-of-sale (POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale ) capabilities and its interface with Fannie Mae enable lenders to not only order vendor services, but also originate a variety of loans. Lenders taking advantage of the interface with Fannie Mae can submit loans for approval and manage the entire process directly from the SharperLending platform. The collaboration also provides credit and automated underwriting, saving time for both loan applicants and lenders. This combined functionality is available on SharperLending's upgraded platform, version 2.1.0. The lender-customized platform stores all initiated loan information, aiding in future transactions. The new version of the platform, featuring an online 1003 and Fannie Mae's DU and DO, interfaces with compliance programs and decisioning engines, driving specific vendor products based on the lenders workflow and internal lending criteria. "We have the technology and industry background to develop a platform for a broader market, and now with our first automated underwriting interfaces, Fannie Mae's DU and DO, we are offer a complete package to lenders," added Black. "With enhanced point-of-sale functionality and our relationship with Fannie Mae, we provide lenders sophisticated tools that order vendor services, receive automated underwriting decisions and seamlessly integrate with their loan origination systems allowing for optimum efficiency improvements." About SharperLending, LLC Located in Spokane, Wash., SharperLending, LLC, was founded in 1989 and is the first to offer a complete browser-based mortgage credit reporting system on the Internet. The company's proven technology has processed more than 40 million secure credit-related mortgage transactions with more than 800 million trade lines. SharperLending, LLC, has three divisions under its corporate umbrella: SharperLending Bundled Services Division, the bundled services platform; SharperLending Affiliated Credit Division, technology for the credit reporting industry; and EPN EPN ethyl p-nitrophenyl benzenethiophosphanate; a nonsystemic organophosphorus insecticide and acaricide. Solutions, the loan origination product packaging division. For more information, visit www.sharperlending.com. |
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