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ARC Systems 2600 Via Fortuna #500 Austin, Texas 78746 (512) 892-5550 fax (512) 892-5552 - PowerPoint PPT Presentation


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ARC Systems 2600 Via Fortuna #500 Austin, Texas 78746 (512) 892-5550 fax (512) 892-5552 www.arcsystems.com. ARC Systems Loan Finder Express™ June 6, 2004. Phase 1. Warehouse Line Approved Lenders. External Services Credit Bureau. Smart Phone Field operations.

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ARC Systems

2600 Via Fortuna #500

Austin, Texas 78746

(512) 892-5550

fax (512) 892-5552

www.arcsystems.com

ARC SystemsLoanFinder Express™

June 6, 2004


Phase 1
Phase 1

  • Warehouse Line

  • Approved Lenders

  • External Services

  • Credit Bureau

  • Smart Phone

  • Field operations

  • Lender-Controlled Investor Guidelines

  • Multiple

  • With Adjustments

email Lock Request to Investor

  • Mid-Tier Lenders

  • Product Definition

  • Control Adjustments

  • YSP

  • & More

  • Lender Guidelines

  • Multiple

  • With Adjustments

  • Mortgage Brokers

  • Field or Office

Nonprime Lenders


Phase 2 investor connections direct
Phase 2 – Investor Connections (Direct)

  • Warehouse Line

  • Approved Lenders

  • Investors

  • Pricing / Product Direct Feed

  • Lender-Controlled Investor Guidelines

  • Multiple

  • With Adjustments

  • Mid-Tier Lenders

  • Product Definition

  • Control Adjustments

  • YSP

  • & More

  • Lender Guidelines

  • Multiple

  • With Adjustments

  • Mortgage Brokers

  • Field or Office

Nonprime Lenders & GSE / Fannie & Freddie


Phase 3 ancillary services
Phase 3 – Ancillary Services

  • Warehouse Line

  • Approved Lenders

Compliance Checking

  • Investors

  • Pricing / Product Direct Feed

Direct Tie to Investor Systems for Locking

  • Lender Controlled Investor Guidelines

  • Multiple

  • With Adjustments

  • Mid Tier Lenders

  • Product Definition

  • Control Adjustments

  • YSP

  • & More

  • Lender Guidelines

  • Multiple

  • With Adjustments

  • Mortgage Brokers

  • Field or Office

Nonprime Lenders & GSE / Fannie & Freddie


Phase 1 lfe offering
Phase 1 – LFE Offering

  • Built on ARC Systems’ award-winning / best-of-breed automated underwriting engine

  • Including conventional, nonprime, warehouse offerings

  • An affordable product for mid-tier lenders / large brokers who require but cannot afford an enterprise-level underwriting engine

  • LFE users will be allowed to pick from a basic set of credit attributes

  • Analytical depth unmatched in the industry today, based on years of experience in production


Phase 1 lfe offering cont d
Phase 1 – LFE Offering cont’d

  • Customized web portal interface…choose from 10 styles

  • Entry page provides advertising “real estate” available for purchase

  • Investors determine pricing controls/points/incentives to each mid-tier lender

  • Mid-tier lenders determine pricing controls/points/incentives to each mortgage broker / seller, including YSP


Phase 1 lfe offering cont d1
Phase 1 – LFE Offering cont’d

  • Supports product pricing and program guidelines from companies you sell to every day

  • Mid-tier lenders can build their own product and pricing guidelines

  • Mid-tier lenders can control pricing adjustment to individuals who are given access to their portal

  • Mid-tier lenders control userid’s and password security access

  • Product and pricing guidelines are updated via web-enabled interface


Phase 1 lfe offering cont d2
Phase 1 – LFE Offering cont’d

  • Built on ARC Systems’ popular “Quick Price” Engine capability that currently receives over 150,000 hits per month

  • DU / MISMO compliant upload / download to / from LOS systems

  • Flexible system design allows users to start by pulling credit OR searching for product/price

  • User will be able to download loan information for a limited time. In Phase 2, information will be retained for a period of time specified by the lender, at an additional charge.

  • Loan applications provide best fit from selected Lenders


Phase 1 lfe offering cont d3
Phase 1 – LFE Offering cont’d

  • Users can select from a list of supported Credit Bureaus by submitting their authorization code

  • Credit is maintained on-line and available for submission to appropriate systems

  • Offering Warehouse-line qualification/purchasing directly from the LoanFinder Express system

  • Mid-Tier Lenders and Larger Brokers control underwriting guidelines

  • Loan Locking via e-mail

  • Reporting

    • Pipeline, Summary, Application


Phase 1 lfe offering cont d4
Phase 1 – LFE Offering cont’d

  • Third party Services:

    • Phase 1

      • Credit bureaus

    • Phases 2 & 3

      • Fannie Services

      • Freddie Service

      • AVM’s

      • Risk

      • Document providers

      • Mortgage Insurance

      • Compliance checking





User assistance
User Assistance

  • Phase 1

    • User Manual

    • Online help at critical points

    • Data field validation

  • Phases 2 & 3

    • User-defined Workflow control…


Phase 2 lfe offering
Phase 2-LFE Offering

  • Direct approvals from both Fannie Mae and Freddie Mac

  • Interfaces to lenders’ underwriting engines

  • Locking tied to lenders’ underwriting engines

  • Investor control over products purchased by geographical regions MSA/ZIP/State

  • Pool building capabilities

  • Automatic submission of pools to Wall Street purchasers

  • Extended e-mail capabilities

  • Faxing capabilities

  • ASP-Based LOS


Phase 3 lfe offering
Phase 3-LFE Offering

  • Two-way tie to ACT – loan officer lead generation system

  • Tie to county recorder office via defined interfaces

  • Make XML standards for counties clerks

    • Travis County/Texas MBA first…

  • Tie to Closing agent offices


Arc systems mission statement
ARC Systems’ Mission Statement

To provide value

for our partners through world class technology, service and

industry expertise.


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