Express Price (Core Functionality—Product and Pricing Engine): Loan Finder Express' product and pricing engine, Express Price, generates fully-adjusted pricing for conforming, alt-a, and non-prime loans in either stand-alone or combo scenarios. Express Price assists lenders with identifying program limits by analyzing basic credit attributes and generating the decision and pricing. The calculated LTV or CLTV amount, rate, YSP, and P&I are displayed for loans matching the applicant's criteria.

Pre-Qualification: Once you select a product or pair of products, you can convert the "playground scenario" to a pre-qual application with a single click of your mouse. From the pre-qual application, Loan Finder Express can render an eligibility decision with or without pulling credit from your preferred credit vendor. ARC Systems has an extensive interface to over thirty credit repositories to choose from.

Modules: The modularized components behind Loan Finder Express allow you to add and adjust to an application using the following functions:

Credit Module: This feature allows you to incorporate liabilities from the credit report into the eligibility decision. The credit module provides access to the Desktop Underwriting (DU) Import tab and the Credit Reports tab. From these tabs, you can pull credit from our extensive list of credit repositories and display application data as it was submitted.

Conditions and Stips Module: With access to this tab, you have the ability to manually generate conditions and stips for each application as part of the application process.

Liabilities Module: This module provides for the manual manipulation of liabilities that are populated through a DU import. From the Liabilities tab, which displays a list of liabilities parsed from credit reports, users can view details, include or exclude any to be considered, and manually add new liabilities.

E-mail Leads Generation Module: Loan Finder Express incorporates the capability to send leads via e-mail straight to your loan officers. The scenario data and contact info are sent in real-time while the lead is on the site. This feature provides your business with notification so a loan officer can follow up on the lead.

Reports Module: The reports module allows you to search for applications in the system and create custom reports displaying applications using multiple search parameters. This report can be exported from Loan Finder Express and uploaded in to Excel. You can even create an application summary report displaying the status, disposition, and type of loan applications during a specific time period in the form of tables, bar graphs, and pie charts.

Rates and Product Limits: With the ARC Systems Investor Library, you have access to the top investors and their specialized products and programs. These rates and product limits have already been loaded and are maintained by ARC Systems in Loan Finder Express.

Dual Channels—Retail and Correspondent Rates: Depending on your business requirements, you can operate multiple channels in the same area. Users would only see relevant products based upon their login ID.

Custom Limits: We give you the opportunity to use your own rates and allow you to determine what is displayed to reps, brokers, and correspondents. You'll be able to upload program limits and make adjustments based on lender feedback.

Margins/Overlay: With Loan Finder Express, you have a powerful negotiating tool that allows you to factor in your margin while masking this to your users.

ARC Systems Maintenance: For an additional fee, ARC Systems will manage your custom limits by making changes when you request them which allows for greater flexibility and more up-to-date management of your information. This significantly reduces your in-house expenses and eliminates the need to hire additional internal technical support personnel.

Access to Third-Party Automated Underwriting: ARC Systems provides better service by going the extra mile for our client-partners. If obtaining an eligibility decision isn't enough, Loan Finder Express also incorporates the ability to perform a full underwrite through one of our third-party interfaces. With access to automated underwriting at your fingertips, you'll have the capability to take your business to the next level.