YOU CONTROL WHO CAN SPEND MONEY – AND WHO CAN’T
Funding Suite is much more than state-of-the-art credit analysis software, its also a robust purchasing platform for numerous other products you need to order during the mortgage origination process. Simple controls allow management to determine what products or services a user may or may not order. And if desired, you may even place restrictions by time of day. When used correctly, it ensures key personnel who are properly trained in certain products (such as rescoring) are the only ones who can actually order the product. We have seen that this type of control can save money and reduce wasted time.
LOAN OFFICERS CAN BE FINANCIALLY RESPONSIBLE FOR THEIR OWN CHARGES
Funding Suite offers a unique credit management solution that can turn any or all loan officers into their own billing centers. A single mouse click designates a loan officer responsible for his or her own charges. When the loan officer next logs in, Funding Suite walks them through a wizard that collects their credit card information and aggregates all of their charges to that credit card. The corporate account will never be liable for charges made by loan officers so designated.
This function also makes it very easy to set up new loan officers without financial concern. They can be added as users, associated with specific branches or divisions and flagged to pay their own bills. The loan officer receives an e-mail that guides them through the set up process – and can be up and pulling credit within minutes.
EASILY TRACK ALL SPENDING BY LOAN NUMBER OR APPLICANT
When it comes time to month end reporting, Funding Suite’s credit management software provides detailed spending reports by loan officer, branch, division and even department. These can be easily imported into your current accounting system, or analyzed in Excel. During the month, detailed cost accounting widgets can track spending patterns in real time across users, divisions, branches or corporate as a whole.
COLLECT CONSUMER PAYMENT VIA CREDIT CARD OR AT CLOSING
Funding Suite offers invoicing tools to help you maximize your consumer reimbursement for all credit related charges. Our dynamic invoice aggregates all charges incurred for a specific social (even across different credit reports) and easily permits a single charge to a consumer credit card. Funding Suite delivers a receipt to the consumer on your behalf and records the payment in the file. Or, if desired, an invoice can be generated to include in the closing package and Funding Suite can be paid on your behalf by your settlement agent. Either way, these tools can lower costs and increase your reimbursements.