TrueClose Offers New Customer Relationship Module.(TrueClose)

Canonsburg, PA -- Loan processing is typically a time-consuming, tedious process that involves a large amount of paper pushing. TrueClose here hopes to change that with version 1.6, as processors no longer have to manage physical paper files, given that the solution is Web-based.

Specifically, processors create customized templates within the LOS to track orders, delivering the control and visibility necessary for the processor to manage daily tasks. Also, with version 1.6 there is now a checklist embedded into the LOS.

"Because processors are big stakeholders in the system, the logic built into the system allows them to manage daily tasks," said Michael Blair, founder and CEO of TrueClose. "It gives the administrator visibility as well via a checklist. Processors can create their own customized template to track orders.

"We just completed and are releasing this embedded processing module to allow them to manage underwriting and have integrated workflow. After the loan is approved it goes into a processing stage and loan officers are doing manual checking and stacking. With this module you can get all the stips from Fannie and parse that throughout processing.

"In the end, that will be a competitive advantage and something that you're not going to get in Calyx," he said. "It gives people more control over the process. We continue to focus on going paperless because I believe in the e-mortgage. We have embedded an integrated faxing module because in order to make this successful you have documents coming from the ...