Our seamless 203K software for lenders takes the hassle out of FHA 203K loan administration.
FHA 203K loans are a specialized area of lending that requires specialized software. Fortunately, our seamless 203K software for lenders includes everything your organization needs to minimize risk and maximize profit on your FHA 203K loan accounts.
Integration of All Vital Functions in a Single-Entry System
Our seamless 203K software for lenders was designed on a single-entry principle, both to minimize data entry and to help prevent the errors that can come along with duplicate entry of information. Once a piece of data is entered into one part of the system, it is automatically available everywhere else it may be needed. This makes for seamless integration of all your vital functions including:
- Lead and contact management
- FHA qualification documentation and tracking
- Legal notices and communications
- Budgeting and budget changes
- Vouchers and draw request processing
- Progress reports
- Creation of disbursement checks and transfer forms
- Pay downs to contributing lenders
- Detail & concentration reporting
- Portfolio stress testing
To help save your staff even more time, our seamless 203K software for lenders comes pre-loaded with all kinds of templates for letters, memos, budgets, etc. These templates can be populated with data specific to a given individual loan account for a fast and error-free way to complete routine tasks. You can also modify these templates or create your own.
Seamless Connection with Back End Accounting Systems
Another very important benefit of our seamless 203K software for lenders is that it can connect with your back end accounting system. No more recording draws and pay downs in one system and actually having to process them in another. Our software lets you enter the information once and be confident it will be recorded correctly everywhere it needs to be.
Make Our Seamless 203K Software for Lenders Work for You
At ECL Software, we believe that your banking software should adapt to your practices, not the other way around. We have built in over 800 features that can be turned on or off to customize your lending software and make adoption and implementation as simple for your staff as possible. Please contact us now for a free personalized online demo of our seamless 203K software for lenders.
