Industry News

Entyre unleashes wholesale lending system

Web-based platform aims to give lenders total control over closing process
Published on Apr 23, 2004

Entyre Inc., a nationwide provider of mortgage closing documents, this week announced the launch of its X4 Wholesale Lending System, an ASP-based closing system that aims to give lenders total control of who "touches" their loans and what those participants are allowed to do.   The technology was specifically designed to give wholesale lenders more control over the closing process. Since the technology was built as a Web-based solution from its inception, it does not have the same inherent problems that competing solutions experience from building "Web wrappers" around older legacy systems, according to a press statement. The system produces closing documents that aim to match the exact requirements of each lender that deploys the PerfectDocs tool.   Entyre CTO Chris Eagle said that benefits to lenders are especially pronounced in post-closing. "With PerfectDocs, wholesalers simply decide how they want the mortgage chain set up, who can access the loan and which data elemen...

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