XpressCredit Announces Functionality Enhancements to its LOS

SYRACUSE, NY – XpressCredit today announces functionality enhancements to its Loan Origination System to significantly streamline document preparation.

Automatic Document Preparation has been added as a means to speed up the approval process and deliver all pertinent documents for any loans into a dealers hand once a deal is accepted. The documents are created as PDF files and can be printed or emailed from the platform. In Addition, these documents can now be complied as a complete document set. Traditional loans require multiple documents, sometimes from multiple sources, and with this new functionality, loan documents can be bundled into one complete PDF document.

Stipulation Management Functionality has also been increase with a new notification process. This process will send a clear message to dealers when stipulations are missing or incorrect and need to be addressed to complete the loan process.

“These enhancements in the area of document preparation and stipulation management will make a positive impact on our LOS customers loan volume and profitability. Not only will they save time, but they may also see a marked increase in accepted offers since dealers will now know exactly what documents need to be addressed before funding, and upon completion, have the full loan agreement at their fingertips in minutes” said XpressCredit Chief Information Officer Scott Kallas.