The Mortgage Marketplace Lender

 The Loanhouse technology that supports this marketplace approach is named LOiS which stands for Loan Originator Intelligence System. The technology is designed to support unlimited products that investors purchase in the secondary market. We build the product rules, pricing models and credit stipulations for each investor on a product-by-product basis. Of course, LOiS does all the heavy lifting from that point forward. The purpose of this marketplace approach is to provide every possible product and pricing option to our teams of origination partners. LOiS supports investors of all kinds: those that want only the best credit quality but are willing to offer the very best pricing; or those investors willing to be more flexible on the credit policies but have a higher rate. When originators have options, they have more opportunities to win loans in this highly competitive market. And when our originators win, we win. 

LOiS provides our approved originators a very wide snapshot of what is available in the secondary market. If the originator has an unusual scenario, chances are LOiS has a loan program for that borrower. In fact, if LOiS does not have a loan program available for the scenario, chances are very high that no other lender does either. We say this because our capital markets team is on an unending journey to always be searching for new products designed to provide financing to underserved communities of borrowers. We offer products that finance ITINs, DACA borrowers, self-employed borrowers that have trouble documenting their income, real estate investors, short term-construction, and even mezzanine financing. 

To be competitive in today’s market, it is necessary for Lenders to make loan delivery and loan fulfillment easy for consumers and mortgage loan originators. Lenders must have a tech-driven, easy-to-use web application for loan delivery and fulfillment that keeps originators focused on originating. 

At Loanhouse, we are committed to the “keep producers producing” principal. Our fulfillment PODs are structured to absorb tasks that commonly bog down originators and their loan processors. The originator and the originator’s loan processor are responsible for completing the initial loan application, gathering the documentation for submission and clearing only the credit conditions from underwriting. No special forms. No weird procedures. Just clear the credit conditions. We have the rest, which includes all disclosures, handling title, ordering insurance, ordering appraisals, and any other 3rd party services we may need to get your loan to the closing table.

No one wants their producers to be stuck in front of their computer trying to fill out a form or trying to solve administrative problems. Producers get paid to produce. 

Loanhouse allocates an entire fulfillment POD to each originator. The POD is committed to consistent service levels and excellent customer service. With the POD managing the pipeline, the originator now has the time work on expanding their referral base and grow their pipeline. The originator’s focus on service now has the capacity to shift from a loan level to a broader market focus.