OVERVIEW

For originators of residential mortgage loans that sell the loans on the secondary market, LaserPro® Mortgage Lending offers the functionality and performance needed to provide faster and more informed service, while reducing loan costs. Wherever your collateral is and wherever you lend in the U.S., LaserPro Mortgage Lending gathers the right information and produces documentation that complies with appropriate federal and state regulations.

LaserPro Mortgage Lending provides your financial institution with:

• A built-in “What-if” calculator that enables your institution to present multiple loan options to a customer
   
• The ability to create verifications and adverse action letters
   
• A mortgage closing document set that includes the instruments necessary to support the secondary market’s most popular loan programs
   
• Access to Credit Bureaus and Automated Underwriting systems

LaserPro Mortgage Lending enables your financial institution to:

• Manage compliance with the Real Estate Settlement Procedures Act (RESPA)—LaserPro Mortgage Lending produces Truth-In-Lending disclosures, the Good Faith Estimate, HUD-1 and HUD-1A Settlement Statements, and other required documents
   
• Generate compliant mortgage application and closing disclosures, including the Fannie Mae®/Freddie Mac 1003 application and 1008 underwriting forms
   
• Produce Adjustable Rate Mortgage disclosures via the optional EARLY ARM module
   
• Generate a document set that includes secondary market Notes, Riders, Addenda and Security instruments necessary to support secondary market loan programs, whether fixed rate or adjustable rate (Treasury, LIBOR, Cost of Funds), including Installment, Balloon and Interest Only payment structures