Lenders
Introducing
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203(k) Mate |
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for LendersÔ |
203(k) Loan Processing Software
Now there’s an easy way for you to process premium products quicker and more accurately. 203(k)Mate for LendersÔ lets you produce 203(k) loan-related paperwork more efficiently.
Rehabs Grow More Popular
Today’s high cost of housing and HUD’s 203(k) loan program have made rehabilitation construction projects an attractive alternative to buying a new home.
Are You Ready?
Although premium products, 203(k) loans are proving costly for lending institutions nationwide, because of their excessive paperwork.
If you’re not ready for changes in the mortgage industry brought on by the blooming popularity of rehab construction, you may end up burning more time on processing fewer products for the same amount of money. These delays degrade the quality of service you provide to your clients.
You Can Profit from Industry Trends
To profit from the robust trend toward rehab construction, mortgage professionals like you must develop a strategy for servicing this growing class of loan. Also, you must become more efficient in producing maximum mortgage worksheets, draw requests, contracts, etc.
ISB’s Solution
Information Services for Buildings, Inc. has integrated its knowledge of rehab construction projects and loan processing with leading edge software development skills to create 203(k)MateÔ . This software is designed as a total solution to lending institutions’ 203(k) information management problems.
Competitive Advantage
Think of the impact on your business of being able to move these premium products in 1/3 the time it takes your competitors. The minute you start using 203(k)MateÔ , you will gain advantages over your competition that they may never overcome.
Enter Data Once
If you’ve processed 203(k)’s before, you know that you’ve got to type much of the same information on every form on every loan. With 203(k)MateÔ , enter the data once and the software automatically enters it elsewhere. Then, for every 203(k) product you process thereafter, just point & click to enter all information on a contractor, an agent, or a client you’ve worked with before.
Performs Calculations
203(k)MateÔ automatically performs all calculations accurately. If 203(k)MateÔ finds a mistake, it highlights it, and notifies you right away.
Let Rehab Consultants Do Your Work
The biggest advantage of this software is it’s compatibility with ISB’s 203(k)Mate for Consultants™, which does for rehab consultants, what this software does for you.
When a consultant uses 203(k)Mate™ to process a rehab job, he/she can save it as a 203(k)Mate for Lenders™ file and pass it on to you. You simply load that file into your 203(k)Mate™ and your documentation is almost finished.