Showing posts with label mortgage software. Show all posts
Showing posts with label mortgage software. Show all posts

Thursday, May 6, 2010

Security And Web Based Doc Management Solutions

When contemplating an online primarily based software program for any objective that entails delicate knowledge, it's fairly frequent and completely normal to question the security of the data that's being despatched by means of seemingly indefensible internet.

In actuality there are many ways that software program developers resembling ATLOS safe the info that's transmitted electronically by way of the web. Our expertise is heavily based mostly within the mortgage industry. We're intimately conversant in the particular care that should be taken to secure borrower data from any potential theft. To be able to shield themselves from any concern about their client’s knowledge changing into compromised, it is in fact a major concern for a mortgage brokerage, lender, and even a processing firm to safe all of the information they're accountable for.

bank document management that's utilizing all the latest safety protocols is not going to solely have the ability to decrease the man hours and paper bills of your small business, but it should also shield all your client’s private and mortgage related information.

Our internet based mostly mortgage origination system utilizes AES 128 bit encryption in addition to single use passkeys which might be discarded after each user session. We wish to ensure that the info we host for our consumer’s is utilizing cutting-edge encryption and get well methods.

Except for simply encrypting the stay knowledge, we also encrypt all information we store the place it stays encrypted till it’s wanted once more within the event of a system recover.

With regard to catastrophe recovery we make the most of each staging and replication methods. By staging the servers and making ready them for a fast implementation we can save invaluable time that will have beforehand been lost. One other methodology we frequently employ is replication. This technique replicates an lively server onto a 2nd energetic server. Any adjustments achieved on the stay server will mechanically replicate to the 2nd server. This means that in case your first server goes now you may have a 2nd lively server completely able to go. By having duplicated active server you'll be able to limit your down time to just about zero. If one in all your servers is compromised the other one will automatically pickup the workload. Since they have been sharing knowledge there is no knowledge loss and no get better time.

It’s additionally vital to make sure your mortgage knowledge is being stored remotely on a secondary backup server that is separate from the first one. This redundancy ensures you're thoroughly protected against losing any information, even within the face of pure disasters like tornadoes or hurricanes.

ATLOS document management software program was built to ensure security of our shopper data on each level. Along with the many options and advantages of utilizing hosted software program as a service for your mortgage workflow, you may rest assured that your knowledge is secured.

Tuesday, April 27, 2010

Loan Software For The Mortgage Industry

Document Management can be a generic term that may mean a whole lot of issues to a number of different people. Some people hear doc management and consider storing laborious copy paper files in a secure location. Others could think of it by way of digital hosting of documents. Still others may think that document management refers solely to the imaging and availability of documents online.

mortgage softwareATLOS is serving the area of interest document administration market for mortgage companies. As with all niche business a lot of your rivals will change into very generic in nature and not cater to the specific needs of the niche market being served. This too is the case with ATLOS and mortgage software program for the electronic loan file industry.

It’s important that the workforce of any area of interest software supplier have a deep understanding of the business they're making an attempt to serve. ATLOS has this expertise and has been capable of translate that experience right into a streamlined resolution that is actually helpful to the mortgage community. Doc administration in itself is just not terribly thrilling to companies. Once you speak concerning the time financial savings that the work circulation of net based mostly mortgage software like paperless mortgage file providers can generate, that is when individuals start to really take notice.

Laying out the work movement of the life in a mortgage file is one thing that ATLOS has completed well. Developing an answer that can help processors, brokers, underwriters, managers, and even outdoors third events stay knowledgeable and accessible provides value to the doc administration provided. The ability to simply create new information, to upload paperwork, manipulate these documents, ship those documents, perform duties to an open file and finally close and archive that file is a selected work stream that's geared for the mortgage trade in particular. Having a vendor that understands your business will aid you sleep better at night. Knowing that you've got a accomplice that is ready to fill in the gaps the place you need help. Doc management for the mortgage trade is growing and ATLOS is leading the path.

Generic doc management firms would not have the training, background, or expertise to cater to the needs of the mortgage industry. ATLOS is comprised of individuals with not less than 2 years of expertise within the mortgage industry. This permits us to have an in depth data of what makes up a mortgage loan file. Mortgage information have many compliance associated components that must be taken into consideration. As well as loans are made up of very sensitive data that have to be handled with discretion. It’s necessary that the employees of any company handling delicate loan knowledge akin to this be held to a better standard. Being in the mortgage trade implies that the person has largely probably obtained state licensing, taken continuing schooling or different coaching courses, had background checks carried out, etc.

Friday, April 16, 2010

Mortgage Processing Software As A Service

One time period you'll most likely become acquainted with within the close to future you probably have not already is SaaS Model. SAS stands for Software program as a Service. Historically a consumer would buy a Links Mortgage Document Managementpackage, set up the software program on their native workstation or servers, after which support the software themselves. With the software program as a service method the software is as a substitute licensed and supported by the creator’s company. The user installs some type of software program which permits them access by way of the internet to the total utility with the software program as a service model.

Why us Mortgage software program as a service?

There are several advantages to the mortgage software as a service mannequin as offered by ATLOS. One of the largest advantages is cost. Buying a software application is usually going to be an enormous upfront expense that many companies aren't in a position to make. Reasonably than spending an enormous amount of cash upfront on a purchase, the Document Management Software as a service model allows the user to pay a very minimal monthly payment to get access to the software. This permits the mortgage company to easily offset the fee as they generate enterprise revenue. With conventional means they must spend a large sum of money upfront after which not understand a monetary profit for an prolonged period of time.
Another related benefit of the mortgage software program as a service mannequin is that you simply do not need to have any particular coaching or equipment to make use of the software. For those who have been to purchase a product and host it regionally you would want servers, bandwidth, network connections, and support staff to manage the application. These are all extra bills on prime of the massive upfront expense it took to amass the software within the first place. Mortgage corporations are saving man hours, lowering their bodily area and sources wanted, as well as saving extra cash by buying mortgage software program as a service.
All of these saving do have in mind the additional monetary and time financial savings that the utilization of the software can deliver into their business. Mortgage software program specifically is ready to save mortgage operations lots of of dollars per loan file in man hours and additional bills by utilizing the software as a service.
Additionally using a hosted resolution signifies that your company is making a dedication to cut back paper waste and “go green”. This can be a buzz word being utilized in marketing throughout many vertical markets right now. By adopting paperless mortgage expertise you'll be part of the ranks of other innovative businesses which can be embracing inexperienced applied sciences and using that aspect of their software program suppliers as a marketing point. Saying that your company is a green mortgage firm dedicated to decreasing it’s carbon footprint will can help you be seen in a really favorable light by potential clients. When mortgage programs and rates of interest are much less a deciding issue, advertising slogans like “going inexperienced” permit you to stand out of the competition.

Thursday, April 15, 2010

Mortgage Origination Software Is Not Cutting It Anymore

In today’s market there aren't any way banks, brokers, and different sources could make loan transactions work with out loan software. Utilizing mortgage origination software program is now considered commonplace enterprise follow for any loan origination operation.

In the same method we believe that document administration and processing work flow software program is turning into standard observe to extend the usage of the popular mortgage origination programs that are being used.

mortgage processing software systems are built to assist primarily with the creation of loan paperwork and disclosures. They do provide many different invaluable additions that make a mortgage officers life a lot simpler, however when it comes to processing loans, managing documents, fraud detection and eventual file storage they fall short.

Document administration software goes to allow any outdoors supply to fax or electronic mail circumstances right into the software the place it can be automatically routed to the suitable mortgage file and condition for that mortgage file. This protects processors, loan officers, and setup folks super amounts of time and paper waste that's not possible with any mortgage origination methods getting used today.

Most mortgage origination software was not constructed to fully assist the processing of mortgage files. As an illustration they do not routinely report all transactions inside the system so that anyone can evaluate the historical past of that particular mortgage software file. Feedback could be made in most mortgage origination software packages, but not in the degree of detail that is useful during a typical loan lifetime. Processors, originators, setup people and extra might have to depart comments about specific situations, statuses, or different motion objects that customary mortgage origination software doesn’t support.

Communication will not be as flexible accurately with popular LOS systems. ATLOS will help you mechanically ship e mail notification when status updates are made or when particular actions require it. Examples may very well be rates locks or compliance dates. Protecting brokers, administration, processors, and other associated third parties knowledgeable is vital to a profitable mortgage business.

As brokers and lenders study these new tools that meant to extend the performance of the present instruments they are using, more and more of them will begin to combine the software into their everyday enterprise work flows. Saving cash and streamlining the entire mortgage work circulation is one thing that each one mortgage firms no matter how big or small ought to be investigating aggressively.

One other benefit of investing in “paperless mortgage” know-how is advertising mileage. Companies utilizing our software are in a position to confidently say that they are “going inexperienced” and investing in paperless mortgage technology. These are all buzzwords that the average shopper is responding to since they hear them almost day by day on the nightly information and at work.

Let us provide you a free demo of our document administration software and present you the true energy of a hosted provider.