MORvision Loan Manager
An Enterprise-Wide Solution
MORvision Loan Manager is the enterprise-wide mortgage solution that improves productivity and profitability by streamlining your workflow and improving operational efficiency. This user-friendly system automates your entire origination process, accommodating multiple business channels, databases and operating environments. Everything from prequalification and point-of-sale through processing, underwriting, closing, secondary tracking and delivery is streamlined with Loan Manager.
Prequalification: One click takes you to the MORvision quick-qualify screen. Enter any combination of loan amount, sales price, annual income and maximum debt to automatically calculate the corresponding missing information. Additional sales tools include refinance analysis with graphs and amortization schedules. Easily prepare loan product selections and comparisons for both conventional and government loans from your own loan programs. Customized with your criteria, the prequalification section even lets you filter through loan products to show your customer “best-fit scenarios” based on their qualifications.
Origination: Origination begins with automatic data transfer from prequalification into a loan application where the Plug-In Partner Network seamlessly connects you all the service providers necessary to complete a loan. Underwriting findings and credit reports can be attached to the loan file to eliminate a cumbersome paper trail. Warnings can even be set for incomplete fields. Once the correct information is entered, it is then populated in all corresponding fields throughout the entire loan. The whole thing is a smooth, error-proof process.
Processing: MORvision fully automates your processing and loan approval environment from initial disclosures to document preparation and loan submission. Pre-determined warnings ensure that your data is complete and accurate before printing. For example, field-level business rules can verify that LTV ratios meet specific loan criteria. Intelligent document selection allows you to define criteria so only documents for each specific loan type will appear in the print list. This eliminates the need to scrolling and unnecessary printing. The bottom line: MORvision’s processing features eliminate re-keying, which saves time and money by streamlining tasks and ensuring data integrity.
Underwriting: Underwriting is a secure area that tracks, identifies and exchanges dialog specific to each underwriting condition. Streamline your underwriting process by allowing authorized users to underwrite a loan without going into the entire loan file. Pre-define your company’s underwriting conditions for manual or automated underwriting scenarios. These conditions can be defaulted for specific loan programs or selected on a loan-by-loan basis and edited for specific loan needs.
Pre-defined conditions make your underwriters' jobs fast and easy, as they will only see conditions applicable to the specific loan product they are working on. Users are able to populate the condition with information from the loan or automatically populate the loan file upon verification. You can also customize clearing conditions to fit your business flow. And to save time, you also have the ability to clear conditions in a group. All this information then flows seamlessly into the Closing segment to further expedite your entire mortgage process.
Closing: MORvision simplifies closing by completely automating and integrating every area of your mortgage process. This saves a great deal of time by eliminating re-keying and ensuring data integrity. With MORvision, your closers spend less time checking and editing, which frees up time to close more loans. Everything is there for your closers to simply review and update on-screen. If last-minute changes are necessary, a simple keystroke updates the entire file. Your closing department can compile, print, and fax or e-mail closing packages in minutes. After closing, MORvision’s document tracking capabilities allow you to monitor all the post-closing documents needed for delivery.
Secondary Tracking and Delivery: Secondary Tracking and Delivery eliminates the need for a separate tracking program by managing the sale and delivery of your loan production. Authorized users have access to key loan information, and can easily create secondary pools based on specific criteria, commit loans to a pool, and create the export file needed for delivery. This eliminates re-keying of loan data and enables fast exporting to the secondary market through MIDANET®, MORNET® and GinnieNet®. With Secondary Tracking and Delivery, you can also sell individual loans, commit a loan to a single investor and have the same tracking capability. Standard management reports help with decision-making for pooling and commitment, delivery of loans to investors and funding.
Forms Generator/myForms: ISGN created the first online forms library in the industry, called myForms. With just the click of a button, myForms provides MORvision customers secure access to their complete forms library through our customer-only website - 24 hours a day, 7 days a week. No other company offers their customers this kind of flexibility or has the technology to access forms online.
In addition to standard mortgage compliance forms, MORvision includes a Forms Generator that allows you to create your own custom forms. You can add fields and calculations to existing documents for virtually limitless tailoring options. Forms can then be viewed, faxed, printed or e-mailed using the latest technology. Specific functions include form filters, intelligent document selection, VMP I-32® technology, on-screen viewing and laser printing. For those who need it, ISGN offers forms training and a hands-on workshop so existing customers can ask questions and get one-on-one help.
Reports: MORvision offers over 70 standard management reports to help with decision-making. These pre-designed reports include topics such as pipeline, commissions, production, tracking and secondary marketing. Crystal Reports™ and MORvision work together to allow virtually limitless custom reporting capabilities. Customized reports that once took hours to create will now take you only minutes. The technologies of both products allow you to access, customize, analyze and report on any MORvision data you choose. For those who need it, ISGN offers an Advanced Reports training class at your office or ours.
Flexibility: MORvision is widely recognized as the ultimate user-friendly, customizable mortgage solution in the industry. Our customers define how MORvision can maximize profitability and improve customer service within their individual business model.We work with you to identify the ideal MORvision solution for your business, and then we provide you with the knowledge and tools to fine-tune the system to your needs. With MORvision you define your own advanced edit checks, products, pricing, questions and screen flow to fit your specific business model. Reports and documents, vendor integration and macros – they’re all under your control. MORvision doesn’t set the limits, you do.
Multiple business channels can all be accommodated with ease in MORvision – retail, correspondent, wholesale and HELOC. Additionally, the system supports government, conventional and sub-prime loans. You choose your operating environment and the service providers you want to work with. Built-in Macro-processing lets you reduce costs by automating your loan origination process with customized data updates, loan balancing, additional calculations and much more. Reduce time and errors by defining individual fields that you want checked as you tab in or out of any field. You can set up a business rule that will populate fields, force formats or display a message if the data needs to be changed or reviewed. You can even create a rule to completely balance your loan, saving you hours of manual work.
And the best part is that you don’t need an on-staff programmer or a highly skilled technical person to customize your MORvision system. Our classes provide your team with all the training you need.
Plug-In Partner Network: Our revolutionary Integration Suite makes connecting with service providers as easy as putting a plug into an outlet. Our award-winning Plug-Ins integrate your service provider requests with your loan process – performing these tasks more efficiently than ever before. This advanced framework saves time and hassle by allowing you to browse, select and use your industry service providers or other in-house systems, without ever leaving your MORvision system. Nearly 150 Plug-Ins have been developed for most leading service providers, including Fannie Mae Desktop Underwriter®, Fannie Mae SBA, Freddie Mac Loan Prospector®, eMagic®, MERS®, dozens of credit bureaus, and many more.
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