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Many might know LoanLogics as a QC company, but our technology and services support the needs of residential mortgage lenders, servicers, insurers and investors. Our capabilities span the loan life cycle providing oversight across origination, correspondent loan acquisition, MSR transfer and servicing.
We are innovating in machine learning doc processing automation and mortgage quality control technology for our clients. The efficiencies gained through these rules-driven automated solutions also are leveraged in our expert audit services with our highly trained and tenured team of auditors.
What products and services does this expertise translate to? Our data and doc processing services (LoanLogics IDEA), doc processing technology (IDEA OnDemand), and loan quality management platform, LoanHD, supports the following audits types and delivery of documents and data:
Learn a bit more about each of our core offers:
LoanLogics® IDEA™, Intelligent Data Extraction and Automation, transforms digital images as well as scanned documents into classified, versioned loan documents. Data extraction then delivers searchable, comparable data elements (LoanFacts™). Advanced machine learning, sophisticated data extraction, rules-based automation and human operator workflow make this possible.
Now with IDEA OnDemand, a cloud-native doc processing digital assistant, benefit from the same intelligent data extraction and highly trained machine learning technologies used in our document processing services offering to improve the speed, accuracy and ultimately cost of in-line document processing.
LoanHD is a comprehensive loan quality platform that automates audit tasks and provides a structured workflow to find and fix defects and report on the root cause of issues so you can take corrective action, also leveraged in our loan quality audit services.
Leveraging LoanHD, LoanLogics offers a spectrum of solutions for HMDA compliance. Recently announced, updates to our portfolio for LoanLogics HMDA Complete and LoanHD® HMDA DirectCheck™ help lenders report with greater confidence, reduce the cost of compliance, and free more resources to understand the story their data is telling. Using data from your trusted source or data verified and validated against loan file documents, automate HMDA audits with exception-based workflows to edit data and clear conditions. Create and submit your Loan Activity Report (LAR) to the CFPB with ease.
With LoanHD® Investor Module, experience complete process automation from initial loan pricing through funding and onboarding for correspondent loan acquisition. Created specifically to support file deliverability, pricing and pre-purchase review of closed loans. This robust platform supports consistent execution of processes, identification of defects, condition clearing and reporting for continuous process improvement.
Finally, MERS® Independent Third-Party Performance Monitoring and Annual Review Service provides third party attestation for your MERS Quality Assurance Plan (QAP) and procedures. Audit and test your controls and processes for compliance. Use the evaluation to adjust what you have in place, add to your operational procedures and assess how well you are performing against the guidelines.
It is the combined market experience of our team that allows us to continuously develop solutions that offer the mortgage industry the safety and soundness of mortgage assets from origination through sale and servicing through. Reach out to learn more about our market experience and a product introduction today.
LoanLogics market experience drives our technology development.
– Product strategy & delivery
– Audit & due diligence
– Data standards
– Software design & architecture
– Compliance
– Secondary Marketing
– MERS
