LendTech® Mortgage is an enterprise-level, automated underwriting system with unparalleled decisioning depth and customization options. It was originally developed for the nonprime market, where the decisions are more complex, the guidelines are more demanding, and the stakes are higher. So no matter what market you're in, you'll get better, more accurate results.
Some automated underwriting systems are merely high level filters that sort loans based on a few simple attributes. Not ours. With LendTech Mortgage, lenders can utilize unlimited combinations of credit information—resulting in far more thorough loan decisioning than any of our competitors.
Built on ARC Systems' web-based model, LendTech Mortgage combines lending technology with comprehensive loan origination functionality to deliver a user-friendly system your company can count on.
Increased Profitability Through Productivity Gains
Imagine decreased expenses and productivity gains for your business:
- One client's application volume has increased by an average of 103% each year.
- Another was able to reduce the cost to originate a loan by over 60%.
- An originator can compare and accurately price 150 different nonprime and prime loan products in less than 12 seconds.
LendTech Mortgage is built around your unique business model. It uses your customized guidelines and accurately adjusted pricing, resulting in consistent decisions and fewer pricing errors. One of our clients experienced a reduction of first payment defaults that went from 10-11% (the industry standard) to 0.25%.
You'll see improved accuracy and efficiency. It can take an underwriter over three hours to underwrite a non-conforming loan using proprietary criteria. LendTech Mortgage can make the same decision, using the same criteria, in just 30 seconds. The vast majority of loans can be disposed without human intervention. However, the system is flexible enough to allow underwriters to step in and address exceptional cases as needed.
Affordable Value
We customize our product to accommodate your specific needs from the beginning by working with you to develop a project scope. Based on the scope, you will be provided a fixed bid. By working together to find solutions based on your current needs, we reduce the number of additional customizations needed to accomplish your goals.
As your business grows, LendTech Mortgage grows with it. There is no per user fee, and our infrastructure can handle as many applications as you can send. When your business changes, you can rely on the flexibility of LendTech Mortgage to do the same.
Alliances and Interfaces
ARC Systems provides better service and additional access to information through partnerships with third-party vendors. Our interfaces allow you to view and print credit reports from multiple credit bureaus. We also have established interfaces to Fannie Mae and Freddie Mac. Our experience with third-party interfaces allows us to work effectively with other vendors to create any customized solutions that you require.
Cutting-edge Technology
Your core business is making profitable loans, not managing technology. Because LendTech Mortgage is web-based, we own, manage, and maintain all the hardware and software. There are no licensing fees or additional software to buy, and you'll never get caught in the "upgrade" trap. LendTech Mortgage is always up-to-date and fully supported.
Because we manage all the technology, we also ensure you receive the highest level of accuracy, consistency, and data integrity. Sophisticated encryption, data backups, offsite storage, and a "warm" co-location site provide data security on the Web, as well as behind the scenes.
The combination of your customized features and our functionality give you more control and flexibility than ever before. Regardless of your business channel, retail to bulk, LendTech Mortgage is more than an automated underwriting system. With interfaces to third-party vendors, pipeline management functionality, and sophisticated workflow management, it is the end-to-end, web-based solution the mortgage industry needs.
See It for Yourself
The best way to understand our capabilities is through a guided tour. Contact a business development representative to see a demo:
512-892-5550, or email demo@arcsystems.com
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