LoanAce is free mortgage loan origination software that can automate your loan origination process and encompass all your LOS needs in one mortgage loan system. LoanAce® debuted on August 1, 2006 as the Mortgage Industry's first Loan Origination Software available at no charge, and has quickly catapulted to the third largest LOS within the first year. LoanAce®, went beyond providing a fully functioning LOS and introduced industry-leading features such as EZorderTM, TEAM and a user-friendly format. Everyone asks how can a professional LOS be available for FREE? LoanAce generates revenue through EZorderTM by connecting users with the third-party services they already use to originate loans, grow their businesses, and serve customers.
TeraVendo developed LoanAce TEAM to allow employee activity management. TEAM allows brokers to see a real-time summary and detail view of all loans, across all branches, loan officers, processors and loan stages via a web based interface. It also offers two vital compliance functions that are currently unavailable in competing LOS products. TEAM records every version of a file that saved in LoanAce providing a complete audit trail that is accessible for pre and post funding audits. TEAM also tracks and date/time stamps the version of a file when it is printed allowing you to track disclosures, watch for fraud, and co-brokering. LoanAce allows users to attach and store all documents associated with a file within the program. In TEAM, these attachments are viewable online at anytime and TEAM automatically attaches a copy of the credit report. TEAM also allows the brokerage to have instant access to a web based electronic version of closed files and scanned images of all related documents for reports or audits. TEAM is offered free to any company that has 5+ loan officers/processors using LoanAce.
For more information on LoanAce please visit www.loanace.com and download the software for FREE.
Yeah loan ace is great for free if your broker doesn't have point
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