Lender Solutions
Affordable online lending solutions to close more mortgage loans faster.
Storefronts | Private-Labeled Sites | Trio File Delivery | Add-Ons
Lenders require a simplified, automated way to process mortgage loans without compromising the bottom line. eMagic offers affordable loan processing and communication tools to help lenders originate, manage, underwrite, track and store their pipeline of loans – all online.
Storefronts
- Set up an electronic underwriting queue for your originators to easily send loans to.
- Each lender can feature its own products and services, such as Automated Underwriting, through a customized Storefront.
- Set up multiple Storefronts within eMagic to create an online gateway for each business segment, such as correspondent, retail or wholesale, FHA or VA, conventional, regional, or for each branch.
- Authorize only those originators with whom you do business to access your Storefront(s).
- Receive, reroute and underwrite electronic loan folders securely online.
- Customize your own loan document stacking order templates.
- Track loan status and keep an audit trail on each loan.
- Cost
- Set-up fee: FREE
- Fees based on either ordering AU or delivering a loan file online, per loan:
- 1-100 loan files/month = $10/loan
- 101-300 loan files/month = $8/loan
- 301-500 loan files/month = $6/loan
- 505+ loan files/month = $4/loan
- (Lenders may be charged for AU Engine Fees.)
- Online storage: low fees after the first 100 free
Need more information?
Contact us 1-800-693-7730
Private-Labeled Sites
- A Private-Labeled Site is your own private version of a Storefront that you place on your website so your customers never have to leave your website to place, track or complete their orders
- Customize the Private-Labeled Site to match your branding – you get your own URL, logo and colors
- Place customized sign-up and access links on your website
- Cost
- Set-up fee: $199
- Monthly fee: $200 per month, plus fees based on either ordering AU or delivering a loan file online, per loan (see pricing above)
- (Lenders may be charged for AU Engine Fees.)
- Online storage: low fees after the first 100 free
Need more information?
Contact us 1-800-693-7730
Trio File Delivery Add-on
Using our document imaging tool, you and your mortgage origination partners can automatically gather loan documents into a shared electronic loan folder can be securely sent online to anyone involved in the loan process. Documents added by underwriters, closers, funders or anyone else with access can be shared with the originator. Delivering loans online means you’ll slash overnight costs on every loan. Building and archiving files online decreases costs on printing, shredding, and storing paper loan files.
- Cost
- Set-up fee: FREE
- Monthly fee: fees based on delivering a loan file online, per loan (see pricing above)
Need more information?
Contact us 1-800-693-7730
Get more from eMagic with these Add-ons:
eDocs
Reduce paper-related expenses and increase productivity with eDocs' document management and secure delivery tools. Document imaging, secure messaging, online loan delivery, and eConsent create an online environment to help close more loans faster. Learn more!
MortgageApp
Generate leads with a secure, online mortgage loan application. Customize MortgageApp to match your website and business needs. Incoming leads are integrated into eMagic, where you'll find loan scenario comparisons, integrated calculators, document imaging and online storage. Learn more!
Website Package
Close more business with a lead-generating Myers mortgage website. Offer rich content to your website visitors and capture their information on your short or long mortgage application. Or, expand your online reach with multiple loan officer websites that have short or long applications. Learn more!
DU Express is a service accessing Desktop Underwriter®, a registered trademark of Fannie Mae.
LP.com Express is a service accessing Loan Prospector®, a registered trademark of Freddie Mac.
Why eMagic Lender Solutions?
- Reduce loan processing costs: Every automated step you take leads to a reduction of effort so you can spend more time generating new business. Reduce overnight shipping costs with our secure eDelivery system. You also eliminate IT costs: we build and upgrade at no charge.
- Decrease underwriting turnaround: eMagic can be accessed anywhere there's an Internet connection, so it's easier to access and communicate loan information. Underwriting loans online takes minutes, not days, shortening turnaround time.
- Reduce paper-related expenses: Underwriting loans online means you'll slash overnight costs on every loan. Building and archiving files online decreases costs on printing, shredding, and storing paper loan files.
- Technical support and training are free: Our webinar training sessions, knowledgeable technical support and customer service give you the tools you need. eMagic also provides free online reference materials, including an online library of brief, informative tutorials for your convenience.
