As Fannie and Freddie endeavor to build a more digital loan sourcing and underwriting environment, NSS has continued to demonstrate its leadership on the vendor side to complement that effort with agency-compliant loan origination and electronic submittal through the respective digital gateways. The NS platform captures the data required for both, validates the data according to the multitude of business/underwriting rules, and formats and submits it through API’s provided by the agencies. For lenders selling to both agencies, the platform allows them to originate a loan, compare executions of the deal, and pivot from one to the other with a different workflow and document trail for each.
Basic Benefits of an LOS
When considering adopting a new loan origination system, there are some benefits of an LOS that all users should consider.
