Product EasyLender Mortgage Comprehensive Loan Origination and Processing Software That Helps You Compete, Profit and Succeed
Product To compete in today s mortgage industry you need to provide modern mortgage products with competitive rates, rapid approvals, outstanding service and quick, hassle-free closings. How does your current origination and processing solution measure up? Access to industry-leading technology is vital to the future of community-based lenders. That s why we are pleased to recommend EasyLender Mortgage to our members. American Banker s Association The EasyLender Mortgage Advantage EasyLender Mortgage from Fiserv enables hundreds of lenders nationwide to deliver the American dream of home ownership to thousands of families. Those lenders agree with what independent industry analysts have said about EasyLender Mortgage for years. Among other accolades, experts have called our solution the industry s most impressive loan origination package and a comprehensive, intuitive and proven system that handles the entire loan process. EasyLender Mortgage is a comprehensive, scalable loan origination software solution that has been designed from the ground up to run under the latest Microsoft Windows operating systems. EasyLender Mortgage adds value to your business and helps you gain a competitive edge through: Industry-leading flexibility, speed and ease of use Integration to a wide range of systems and third-party service providers Award-winning Internet connectivity Reduced turnaround time Lower training costs Improved efficiency and productivity Comprehensive management reporting Excellent customer support from Fiserv Innovative System Capabilities EasyLender Mortgage provides the most powerful, comprehensive and easy-to-use loan origination and processing capabilities available. From point-of-sale to secondary marketing; from document and task tracking to automated underwriting; from application to processing; from closing to electronic document transmission; and from automated uploading to loan servicing systems, EasyLender Mortgage enables you to originate mortgage loans with industryleading speed and efficiency. Unique Flexibility Perhaps the most powerful capability of EasyLender Mortgage is its flexibility. System options, reports, security levels and more can be quickly configured to meet your unique business needs. User-defined data fields can be added to virtually any screen. And EasyLender Mortgage works well in stand-alone, LAN, WAN, Citrix or Windows Terminal Services environments. 1
Complete Tool to Manage All Mortgage Origination Processes Comprehensive Product- Creation Functionality EasyLender Mortgage empowers you to quickly create the competitive mortgageloan products your customers are asking for. With its powerful product-development tools, you can create virtually any type of loan product. Available loan types include: Adjustable rate (ARM) Balloon Buy-down Construction Conventional FHA and VA Growing-equity mortgage Home equity Home equity line of credit (HELOC) Interest-only Purchase-money second Refinance Internet Connectivity EasyLender Mortgage enables you to create a profitable Internet-based lending channel with its optional EasyConnect module. With EasyLender: EasyConnect, you can electronically download loan applications directly into EasyLender Mortgage from a variety of input sources that use industry-standard transaction sets, including third-party point-of-sale systems and the Web-based Mortgagebot PowerSite front-end solutions. Through Mortgagebot PowerSite, you can even provide automated loan status updates to help keep online borrowers informed about their loan applications without burdening your staff. Efficient Point-of-Sale EasyLender Mortgage provides helpful point-of-sale tools that enable you to quickly qualify borrowers. You can compare the interest rates, payments and costs associated with several loan products to see which one works best for each customer. EasyLender Mortgage also provides a selection of helpful loan-analysis tools you can use to help borrowers make sound loan decisions. The solution s loan-analysis tools can help answer such questions as: How much home can we afford? How much will the payment be? How much home can we afford at a specific payment and/or purchase price? Is it overall more cost-effective to pay points? Should we rent or buy? How soon will we break even after refinancing? 2
Easy Applications Product Definition Options EasyLender Mortgage makes it easy to enter a customer s loan-application information. The software automatically follows the format of the Uniform Residential Loan Application (Form 1003). You spend less time on data input, and you can even take the application at the borrower s location with your laptop. EasyLender Mortgage also enables you to copy existing borrower data, which saves time when working with repeat customers. And the solution s automatic calculations and edits help accelerate the loan process and reduce errors by automatically entering preset product data. Helpful Utilities We know your time is valuable. That is why EasyLender Mortgage includes a selection of helpful utilities to make you more productive. For example, with its convenient, built-in Card File, you can store an unlimited number of frequently used addresses and contact files, saving you from having to re-enter the same information in each new loan. In addition, handy pop-up calendars and worksheets help speed the data-entry process. You can use the Rate Quote tool to quote a loan rate without having to open up a new loan. To attract today s borrowers, you need to offer today s loan products. With the wealth of product-definition options from EasyLender Mortgage, your organization can quickly develop and deploy almost any type of loan product to meet almost any kind of demand. Dynamic Pricing With loan-specific pricing capabilities of EasyLender Mortgage, you can create customized pricing that meets your borrowers unique needs. The solution s powerful pricing functionality is built around a friendly graphic interface that enables you to define, administer and adjust loanproduct pricing based on a wide range of loan characteristics. 3
Loan Analyzer Calculator Secondary Marketing Secondary marketing capabilities of EasyLender Mortgage help you manage your pipeline by quickly locating loans eligible for sale, accurately tracking investor commitments, assigning loans to your commitment pipeline and performing loan stratification (to assess profit/loss on commitments). Document and Task Tracking EasyLender Mortgage efficiently tracks outstanding documents and critical events during processing, closing and post-closing. You can sort the solution s document and task tracking report to suit your individual needs, enabling you to efficiently manage tasks and documents. And you can assign time limits to documents and events, so you can quickly follow up on any part of the lending process that may be behind schedule. You can price loans based on loan purpose, occupancy type, property type, loan amount, credit score, loan to value, underwriting decisions and more. Secondary marketers can also use these pricing features to view adjustments made to specific loans. Links to Automated Underwriting EasyLender Mortgage provides seamless access to automated underwriting solutions such as Freddie Mac s Loan Prospector and Fannie Mae s Desktop Underwriter. With its easy-to-use, wizard-based electronic interfaces, you get underwriting approval in just moments. Standard and Custom Loan Documents With EasyLender Mortgage you have a choice of industry-leading loan documents, from either VMP or GreatDocs. And you can quickly create custom documents to suit your unique business needs. For example, word-merge functionality enables you to create Microsoft Word documents from within EasyLender Mortgage and incorporate EasyLender Mortgage information from hundreds of data fields into your custom documents. 4
Streamlined Printing EasyLender Mortgage enables you to print individual documents, or efficiently group them based on loan, product and document type. Select a function (such as origination or processing) and EasyLender Mortgage prints the needed forms as established by your organizational policies. You can also determine the exact order in which the documents print, and you can preview the complete document set on-screen. Electronic Document Delivery Deliver loan documents electronically with the optional EasyLender: EasyDelivery system. Use EasyDelivery to instantly send loan documents to borrowers, other EasyLender Mortgage users and business partners. EasyDelivery provides the ability to deliver the documents through a password-protected email or transfer them via an ultra-secure, Web-based repository. Recipients can easily access, view and print documents using the free viewer software. EasyDelivery saves you time and money by eliminating courier and document shipping costs. Powerful Reporting Options Effectively manage your vital business data with the EasyLender Mortgage built-in EasyLender: EasyReport system. You can also use any Open Data Base Connectivity(ODBC)-compliant report writing package (such as Crystal Reports ) to create custom reports. The categories of standard reports include: Decision Exception Underwriting Lock Production Secondary marketing System administration Standard reports can also be sorted, grouped, scheduled, copied, printed and even exported (via Crystal Reports) in a variety of data formats including: PDF, HTML, CSV, Excel, Word, XML and others. Complete Compliance Concerned about Fair and Accurate Credit Transactions Act (FACT), Home Mortgage Disclosure Act (HMDA), Home Ownership and Equity Protection Act (HOEPA), Higher-Priced Mortgage Loans (HPML) and Real Estate Settlement Procedures Act (RESPA)? EasyLender Mortgage gathers the necessary data and creates the reports you need to keep your organization in compliance with governmental regulations. For example, the HOEPA test is automatically executed when the borrower s TIL disclosure is created. EasyLender 5
Complete Lending Automation from Fiserv Websites Automated Underwriting MERS Automated Credit Decisioning Branches Call Centers Sources Fraud Detection and Prevention EasyLender Automobile Valuations Services Credit Services Loan Officers Brokers Electronic Document Delivery Core Systems Flood Services Document Imaging Loan Servicing System EasyLender Mortgage delivers end-to-end lending solutions that streamline and accelerate your lending business processes. The software is designed to interface with a wide range of Fiserv and non-fiserv systems and services, including Web-based front-end systems, loan-servicing systems, core processing solutions, credit-reporting services, document-imaging systems and much more. Mortgage gathers HMDA-related data from the loan application and stores it in a special file for electronic submission to regulatory agencies; and the built-in HMDA RELIEF functionality handles your HMDA reporting needs. You can even use the HMDA data fields and other user-defined fields to track CRA-related compliance information. And if you also have the EasyLender Consumer Commercial IDM system, you can do combined HMDA reporting for both systems. Excellent Support When you select EasyLender Mortgage, you join the Fiserv client family. As a Fiserv client, you enjoy industry-leading customer service. You also become part of an active software user group, complete with regional meetings and a dynamic annual client conference. And you can call for support with confidence because your client services team is made up of lending professionals who understand your software and your business needs. Stay Connected with System Interfaces In today s integrated mortgage marketplace, no software solution can be an island unto itself which is why EasyLender Mortgage is designed to interface with a wide range of mortgage and business-related systems and services. Integration with Core-Processing and Loan-Servicing Systems One of the greatest business advantages of EasyLender Mortgage is its ability to integrate with core-processing and loanservicing systems. Through its many optional interfaces, the solution enables two-way data exchange of loan and customer data with most popular host systems. Because data is automatically transferred back and forth between systems, you save 15 to 45 minutes on each loan which means you can book loans more rapidly than ever, with no re-keying errors. And because you can instantly download 6
existing customer information from your core-processing system into your EasyLender Mortgage database, borrowers will be pleased with how quickly their loan applications can be completed. Interfaces with Third-Party Products and Services EasyLender Mortgage can interface smoothly with many Fiserv and non-fiserv ancillary systems and services. The bottom line is that EasyLender Mortgage can seamlessly exchange data with a broad spectrum of industry solutions, including Freddie Mac s and Fannie Mae s Loan Delivery Systems; as well as with Webbased front-end lending systems, mortgage insurance providers, flood certification companies, fraud detection and prevention solutions, credit bureaus, automated underwriting providers, MERS and more. Real-World System Benefits EasyLender Mortgage is the industry s most comprehensive solution for mortgage loan origination and processing. When you install EasyLender Mortgage you enjoy significant business benefits, such as: Unsurpassed Customer Service With the solution s speed and efficiency, you can meet your customers needs more rapidly than ever before. And you will enjoy the competitive edge of a powerful origination and processing system that enables you to quickly create and deploy the new loan products your market is demanding. Unprecedented Control EasyLender Mortgage puts you in control: every aspect of system set-up, system security, product creation, reporting and database maintenance is under your control to establish, deploy and modify according to your organization s unique business practices. Unbeatable Efficiency and Productivity EasyLender Mortgage is truly easy to use and easy to learn, so your staff spends less time training and more time lending. The solution s workflow parallels the 1003 form that lenders are already familiar with, so the loan process is more intuitive. With no repetitive data entry, you can dramatically accelerate loan turnaround time and sharpen the effectiveness of your internal operations. And as an added bonus, if you use EasyLender Mortgage in conjunction with its sister product, EasyLender Consumer Commercial IDM cross-training time can be further reduced, because the two solutions share the same database structure and the same easy-to-understand look and feel. 7
Unparalleled Praise It is not just Fiserv clients who appreciate EasyLender Mortgage. Year after year, industry experts are hailing EasyLender Mortgage as one of the industry s top loan origination software solutions. One respected software reviewer said, EasyLender Mortgage is the best loan-origination software package I ve seen Fiserv has done it well. Connect With Us For more information about our complete suite of lending software and services, contact 800-872-7882, or email getsolutions@fiserv.com. 8
About Fiserv Fiserv is driving innovation in Payments, Processing Services, Risk & Compliance, Customer & Channel Management and Insights & Optimization, and leading the transformation of financial services technology to help our clients change the way financial services are delivered. Visit www.fiserv.com for a look at what s next, right now.
Fiserv, Inc. 255 Fiserv Drive Brookfield, WI 53045 800-872-7882 262-879-5322 getsolutions@fiserv.com www.fiserv.com 2013 Fiserv, Inc. or its affiliates. All rights reserved. Fiserv is a registered trademark of Fiserv, Inc. Other products referenced in this material may be trademarks or registered trademarks of their respective companies. 625-13-15619-COL 04/13