The LOS That Does It All

*The LOS That Does It All*
**By Tony Garritano**

TonyG***These days the loan origination system has to do it all. That’s why I found the Mortgage Builder acquisition of LoanXEngine so unique, because it is now an LOS with an embedded PPE and CRM tool. And as the battle for the borrower heats up in a purchase market, having a good CRM tool will be important. Now I’ve learned that Mortgage Builder is advancing this acquisition further. Here’s the scoop:

****Specifically, Mortgage Builder has made significant upgrades to LoanXEngine. LoanXEngine 7.0, the new and improved version, represents the culmination of the platform’s six years of experience in the mortgage space.

****LoanXEngine, launched in 2007, was acquired by Mortgage Builder in October of 2012 as the front end component to round out the company’s full mortgage lifecycle array of offerings, joining Mortgage Builder’s Architect loan origination system and its Colonnade loan servicing system. With LoanXEngine providing lead management, CRM and PPE functions, Mortgage Builder is one of the only technology firms providing “front-end to end-to-end” solutions for lenders of all sizes. LoanXEngine is also available as a standalone cloud-based platform, easily used with other LOS systems.

****LoanXEngine 7.0’s enhancements include:

****Updated FHA mortgage insurance premium changes;

****Closing cost filtering support features to allow lenders to customize fee charges according to the requirements of individual states, lenders, loan amount ranges, conventional and government loan products and other considerations;

****Redesigned and improved non-qualifying product reporting, including detailed failure to qualify reasons and website links for further investigation;

****Enhanced mobile device viewing, for tablet and mobile phone viewing ease;

****Improved wholesale channel home page and workflow for greater functionality for third party originators; and

****Integration with LendingTree’s LoanExplorer, the all-new version of the company’s popular consumer-facing mortgage comparison and leadsource engine.  LoanXEngine is among the very few PPEs selected to work with them on this product.

****“We’re very excited about LoanXEngine 7.0,” says Kelli Himebaugh, corporate vice president of Mortgage Builder Software. “It represents a whole new class of PPEs for the mortgage industry, with its highly innovative lead management, CRM and improved functionality in products and pricing. With LoanXEngine, lenders of all sizes have access to the best front end technology available today,” she says. “It is part of the complete mortgage lifecycle suite of products that let lenders handle every step, from prospect quotes through origination, secondary marketing and servicing, all on a common platform that is easy to use,” she explains.

Tony Garritano

Tony Garritano is chairman and founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 10 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting this association was the next step for someone like Tony, who has dedicated his career to providing mortgage executives with the information needed to make informed technology decisions. He can be reached via e-mail at