What is LM1?
LM1 is the ultimate digital loan management system for optimizing the "application-to-close" process by fluidly harmonizing the work of loan officers, underwriters, and post-closers. Redundant work is banished and efficiencies exposed across the business.
Via single, unified electronic workspace your teams can seamlessly collaborate with task-flow and chat functions, leveraging instant access to information and services through integration with core banking systems and third party information sources.
The LM1 solution for banks is designed to meet all key banking standards and adapt to the very specific requirements of your loan business.
Advanced Document Management
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Automatically establish visibility of bank policies and loan requirements
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Reduce client complexity with clear requirements and ability to pull previously delivered documentation
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LM1 integrates with document management systems
Integrating Third-Party Services
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Save time, avoid "Swivel chair syndrome"
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Add or change service relationships with low impact
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Order financial reports, appraisals, & credit information
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Automatically extract pertinent information for use in loan processing
Communication
& Collaboration
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All communication is stored with the loan
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Q&A, Chat and notes
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Email, text, and integration to CRM systems
Regulation
& Compliance
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Seamless guidance of the loan team through compliance tasks
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Automatically include all regulatory documents
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Full audit history of loan actions
Document
Prep integration
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Automatically loads all loan information into doc prep systems
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LM1 supports multiple doc prep and LOS systems
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Improves quality while insulating operations from changes
Total Visibility
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Clear pipeline data
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Realtime dashboard components and embedded charts
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Full audit history of loan actions