Writealoan.com, Inc. operates as a loan distribution center for the mortgage industry. The system has the capabilities to produce rates from hundreds of Lenders. With the Writealoan.com system, you can price loans via a real time market without rate sheets, define the profit margin on each loan from a central location, and provide your staff with a front-end loan origination system via the Internet.

Just look at some of the advantages the Writealoan.com system offers community banks and mortgage brokers:

1. No more searching through wholesale rate sheets to determine your rate. The Writealoan.com system automatically calculates the rate including any applicable add-ons. Then adds the overage you pre-determined on your administrative page.
   
   Now all your Loan Officers have to do is enter the parameters of the loan into the Writealoan.com system to obtain the rate they would offer a customer.



2. No more entering loan information into your LOS system to obtain an accurate Good Faith Estimate. Once you select a rate quote, the Writealoan.com system enables you to obtain a Good Faith Estimate, which includes your fees along with the investor's. You maintain your set of fees from your administrative page.
   
   Once your Loan Officer obtains the rate quote, they can now print a Good Faith Estimate, which actually reflects all the Lender fees. The loan applicant's information does not have to be completed at this time, thus reducing the number of loan inquiries in your front end LOS system. Why take the time to enter borrower information into your LOS system before they become an actual "loan application"?



3. The Writealoan.com system enables the Loan Officer to complete the 1003 loan application and all state regulatory and industry standard documents via the Internet. It also will run the loan application through underwriting in order to obtain a "pre-approval" based on credit and ratios. Shortly, the system will interface with DU/LP underwriting systems.
   
   Now the Loan Officer can complete the entire application and obtain a loan commitment via the Internet. The Loan Officer can do this from any location with Internet access, such as a Realtor's office, loan applicant's home, builder's office, etc.



4. Upon completion of the Loan Application, the loan is locked via the system and basically is in process back at YOUR office. The Loan Application information can be downloaded into several LOS systems being used throughout the industry. Now your loan processing staff downloads approved files into your system and orders appraisal, title and verifications, if applicable. You now have your processing staff processing loans which will actually close from the start to increase efficiency and profitability.

For more information on what the Writealoan.com system can do for you, please contact the following:

Return to previous page