Archive for 'News'

As Origination Costs Rise What Can Lenders Do to Increase Profits


Boston – May 6, 2014 –To survive current mortgage business conditions, banks and credit unions must find ways to cut paperwork, reduce compliance risk, increase productivity and make the loan officer’s job easier so there is more time allocated to closing loans. As origination costs rise, what can lenders do to increase profits?Profits for Mortgage Lenders

Recent reports show the ...

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LendersLogic Introduces Streamlined Smart Application that Self-Adjusts to Borrowers

New Mortgage Application Software Collects Information without Publishing Rates

BOSTON – April 23, 2013 – LendersLogic, Inc. today announced the release of LendersLogic Smart Application v2.0, online mortgage application software that provides a superior user experience while allowing originators to collect data on the web without being required to publish rates or closing costs.

The LendersLogic Smart Application allows the borrower to quickly complete a condensed application in a wizard like presentation with context sensitive help on every question.  Originators are ...

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Making the Case for Using Smart, Consumer-Direct Mortgage Software to Provide Pre-filtered, Pre-Qualfied Leads

Boston–June 22, 2012– Today a mortgage originator must use their web site to “attract, educate and capture the mortgage borrower.” With 85% of first time home borrowers shopping the web, a bank may only get one chance at that prospect.  Creating a better online customer experience is the best way to capture that lead.  By using a smart, consumer direct platform to pre-filter and pre-qualify mortgage leads, a bank can be sure that the best leads are followed up ...

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LendersLogic Announces Migration Program for MGIC’s Discontinued eMagic Mortgage Application Software

Boston — June 6, 2012 — LendersLogic, Inc.  today announced a special migration program to assist banks, credit unions and mortgage companies seeking to replace  the eMagic  mortgage application software  following notice last month that eMagic would be shutting down operations.

MGIC, the parent company, on May 17th   informed customers about the discontinuance of the eMagic mortgage application software and the Myers Internet Real Estate Website platform on September 1st.   For banks and credit unions requiring a consumer ...

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LendersLogic™ Completes Move to New World-Class Data Center

Popular consumer-direct mortgage application software now offered with improved document delivery and new user based pricing.

Boston – May 12, 2011 – LendersLogic, Inc. today announced the completion of its move to a new SAS 70 Class II compliant world-class data center providing N+1 optimized connectivity with generator power back up and dedicated 24 hour a day physical on site security.

“This move, more than 10 months in the planning, reflects our continued dedication to providing our banks, credit unions ...

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LendersLogic™ Upgrade Meets New FTC and RESPA Requirements

Consumer-direct solution adds enhanced security 
and GFE management to meet 2010 regulations

Boston – March 1, 2010 – Is your web based mortgage application in compliance with new 2010 RESPA Regulations and FTC requirements?

LendersLogic, Inc. today announced the release of LendersLogic v3.2 mortgage application software with new password and automated document management features aimed at helping originators meet new 2010 RESPA Regulations and FTC requirements for consumer data protection.

“Today lenders not only have to be more diligent in their ...

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LendersLogic™ 3.0 Upgrade Released To Client Base Improved Security for Instant Online Mortgage Approval

New version adds anti-phishing security and document delivery features
Helps retail mortgage originators attract Internet shoppers to web site

Boston – August 20, 2009 – LendersLogic, Inc. today announced the release of LendersLogic 3.0 with new multi-level authentication and expanded automatic document delivery.

“The introduction of LendersLogic 3.0 mortgage application software demonstrates our company’s commitment to our customers to continue to provide the security, features and functions needed to continue to manage and grow their online volume, said LendersLogic President ...

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