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Mishawaka,
Ind. Oct. 20, 2005 - Data-Vision’s new, 05.10.00 version
of LoanQuoter® will provide an interface to Fannie Mae’s
Desktop Underwriter (DU®), providing Data-Vision’s
lender-clients with the ability to give their
borrower-customers timely feedback on loan applications
directly online.
LoanQuoter.com
is an online origination service offered by Data-Vision
to its mortgage lending customers, providing them with
brandable Web sites that enable consumers to file online
mortgage applications and receive a DU-based approval
recommendation at the point of sale. The new LoanQuoter
version, which becomes available in early November,
makes Data-Vision one of only a few companies offering
DU-recommendation based approvals directly to the
consumer through the lenders’ Web sites.
“It means a
potential increase in loan production for the lender,”
said John Dempsey, vice president of sales for
Data-Vision. “The quicker commitment from lenders keeps
prospective customers from hopping sites and shopping
around because of the consumer-direct contact.”
The new
LoanQuoter release also makes use of Fannie Mae’s
revised 1003 application. Originators selling loans to
the government-sponsored enterprise must use the revised
application by January 1, 2006.
Additionally,
the new LoanQuoter release includes several
customer-friendly features:
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Action log
viewing through the LoanQuoter configurator.
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Greater
lender control of drop-down fields on applications.
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Increased
system variables for use with custom forms.
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Enhanced
Broker or Correspondent upload features.
Dempsey noted
that “by diligently crafting our system to be flexible
with a vast majority of systems, we can offer this
broad-based technology to our customers.”
# # #
About
Data-Vision, Inc.
Incorporated in 1993, Data-Vision focuses exclusively on
the mortgage and banking industries. Data-Vision offers
RemoteDocs® .com, a mortgage website service known as
LoanQuoter.com® and DisclosureDocs.com™. The company,
which won a commendation for its Help Desk operations in
the 2004 Mortgage Technology Awards competition, focuses
on harnessing the power of the Internet by providing
tools that allow efficiency and productivity for the
mortgage industry. One of Data-Vision's strengths is the
ability to design and implement solutions for the
lending industries. Maintenance and hosting fees are
paid monthly, rather than on a long-term contract basis
for increased flexibility.
For further information visit
www.d-vision.com.
For media inquiries contact John Dempsey, Vice President
of Sales, Data-Vision, Inc. at 888-925-8625, send a fax
to 574-243-8630, e-mail to
sales@d-vision.com,
or write 520 Park Place Court, Suite 200, Mishawaka, IN
46545.
Desktop Underwriter and DU are registered trademarks of
Fannie Mae.
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