Loan Origination Software Helps Processing Companies Go Green

March 16, 2010 - PRLog -- The most-secure hosting sources offer multiple active power distribution outlets, backup components, bullet-resistant walls and glass, among other features. Lenders who go with mortgage origination software should make sure their document-management system (http://www.atlos.com) is completely secure.

ATLOS enables processors decrease their carbon footprint by going paperless. Going green is something that can be used in marketing your own business to your prospects. It is a highly recognizable phrase that they will obviously connect with when you show them that you are attempting to reduce your paper waste and be a responsible source for your local market. The brand equity you will build from making the effort to go paperless will pay off for your company in the future.

Having a non fraud web based choice to use as your management tool means that everyone in your company can have permissions based access to each electronic file from anywhere with internet access. All conditions and anything else related to a loan file are going to become only a click away from every individual involved on that instance. Another huge benefit to brokerages is that you can easily meet compliance standards by storing your loan files electronically for as long as you require. Funded loan files are able to be completely stored online where they can be reached within minutes after being archived.

Aside from hard cash the next most valuable thing to any lendersis time. In this workforce time is money. ATLOS helps to streamline your entire company operations. No more jumbling through loan papers, poorly recopied pages. Once you import your loan into ATLOS it becomes the central hub for all of that loan’s activity. All notifications and more are going to be centrally located so that all of your workers can easily access the file and easily get up to speed on exactly where the loan is at. Managers can view the entire pipeline to ensure files are being handled effectively.

In a time when people lack trust in many financial institutions, loan origination system offer an answer. The best of these systems can send alerts and red flags when they detect potential fraud from either the consumer or lenders side of the equation. The systems also should keep a log of who makes changes to each loan file and when. This can alert mortgage company about possible problems with internal compliance.

While paper is effected to natural disasters and loses quality over time, hosted facility.

# # #

ATLOS provides paperless loan processing software that helps mortgage brokers, processors, lenders, and banks cut costs and streamline their workflow. Visit us on the web at http://www.atlos.com