Portfolio Plus Interface for Davis and Henderson’s Filogix Expert
Portfolio Plus Interface for Filogix Expert
Filogix Expert is the dominant platform used to automate mortgage broker applications in Canada. This web-based platform enables mortgage professionals to submit applications to multiple financial institutions electronically. Unlike years ago, when mortgage brokers had to fill out multiple application forms for multiple lending companies, Filogix Expert allows the mortgage broker to input the application data once, and then shop that application around to different lending companies. With Filogix Expert, mortgage professionals can receive pricing, terms, conditions, and funding approval from multiple lenders rapidly and efficiently.
Portfolio Plus Interface for Filogix Expert: Mortgage Origination
With SIT’s Portfolio Plus Interface for Filogix Expert, financial institutions can now receive and process mortgage applications from Filogix electronically—without ever retyping the same information.
Portfolio Plus Interface for Filogix Expert: Eliminating Data-Entry
Eliminating data-entry in the loan origination process has two advantages for lenders. For starters, the lender doesn’t have to re-key the application information. This reduces the chances of any errors being introduced. Not having to re-key information also saves time. The Portfolio Plus Interface for Filogix can load mortgage applications in a matter of seconds.
Ask any couple who’s buying a house. Or ask any mortgage broker who’s working with them. A speedy turnaround on mortgage application approvals makes everybody happy.
Mortgage Application Retrieval
The Portfolio Plus Interface continuously checks to see if there are any mortgage applications waiting to be downloaded from Filogix. This near real time process ensures there’s no waiting time and that no applications will be missed.
Once the Portfolio Plus Interface retrieves a mortgage application, all the information is transferred from the Filogix platform, through SIT’s Open Banking Interface, and then into Portfolio Plus.
Focus on Underwriting
With a more efficient application process, underwriters will have more free time. And that extra time means your business will benefit from a more focused approach to credit analysis. Let your underwriters concentrate on underwriting.
This page was created and/or refreshed on October 20, 2014 @ 23:09:18
by Strategic Information Technology (SIT) Ltd., Stouffville, Ontario, Canada
The page subject is: Banking Software > Portfolio Plus Filogix Interface