Financial Solutions
Wellington Technology, Inc. has developed LoanRoverŪ, one of the first multi-lender automated underwriting technology for financial service markets. The automated underwriting technology is web-based with customizable user interfaces. LoanRover's core logic will help businesses generate decisions that are more consistent than those made by people, and they can help managers move quickly from insight to decision to action. As automating decisions becomes more feasible, organizations need to think about which decisions have to be made by people and which can be computerized.
The LoanRover® Platform is an online point of sale solution for entities that desire to offer lending solutions to their customers. LoanRover® is delivered through web-based technology and provides the loan officers and end users with a robust toolset to manage customer relationships and deliver individualized offerings.
LoanRover® bridges wholesale lenders with the broker community in a market place which offers products by virtue of their options (e.g. rate, fixed/arm, prepayment penalties, up front fee’s, etc.) LoanRover® software and the (AU) capabilities will not only provide a platform for competitive rates and products, but provide a seamless broker platform to sell the asset immediately prior to closing or immediately thereafter.
Product Modeling Technology
LoanRover® Product Modeling Technology (PMT) enhances the traditional mortgage underwriting thought process with several additional characteristics:
- Analysis of over 1000 data fields
- Data validation at all levels of entry
- Risk-based pricing
- Fully adjusted Interest Rates
- Ratio Fitting Factor™ (RFF)
- Multiple Payment modeling techniques
- Multiple credit history modeling techniques