Software interface for automating mortgage broker applications in Canada.
D+H Expert (formally known as Filogix) 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, D+H Expert allows the mortgage broker to input the application data once, and then shop that application around to different lending companies. With D+H Expert, mortgage professionals can receive pricing, terms, conditions, and funding approval from multiple lenders rapidly and efficiently.
With SIT's Portfolio Plus Interface for D+H Expert, financial institutions can now receive and process mortgage applications from D+H electronically without ever retyping the same information.
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 D+H Expert 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.
The Portfolio Plus Interface continuously checks to see if there are any mortgage applications waiting to be downloaded from D+H Expert. Once the Portfolio Plus Interface retrieves a mortgage application, all the information is transferred from the D+H Expert platform, through SIT's Open Banking Interface, and then into Portfolio Plus.
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 March 26, 2015 @ 13:56:17
by Strategic Information Technology (SIT) Ltd., Stouffville, Ontario, Canada
The page subject is: Portfolio Plus Filogix Interface