SYSTEM AND METHOD FOR PROCESSING LOANS

摘要

A system and method for electronically processing loan data uses a graphical user interface that imports data from a loan origination software (LOS) system onto a local terminal and transfers the data to a remote location for processing. The loan imported from the LOS system is initially validated for completeness before being transferred to the remote location. The loan data is processed to generate a loan price and multiple pricing scenarios for the loan. This information is sent back to the local terminal for acceptance. Once accepted, the loan can be rate-locked for a specified period of time.