Cogent Road Redesigns Credit Analysis With the Newest Version of Funding Suite

SAN DIEGO--(BUSINESS WIRE)--Cogent Road, a supplier of Internet-based applications for the mortgage
industry, have launched Support Suite v.3.0, a significantly redesigned
database architecture underlying the recognition study that lets
enormous new chances and merchandises for brokers. All of the new
merchandises and services included with Support Suite aid agents to
pull and stopping point more borrowers while lowering costs.

Included in Support Suite are the followers features: Intelligent Recognition
Report with X-Ray technology, dynamical reimbursement, PaySaver loan
military officer charge option, automatic discounting and cosmopolitan recognition data file
reissuing.

The Intelligent Recognition Report is the industry’s
first moral force show of client recognition information allowing faster, more than
accurate prequalifying assessment. In Support Suite v.3.0, all
tradelines supply an reading of the payment history in easy to
understand language, making even the most composite tradelines more easily
understood. X-Ray technology carries on a deep analysis of the implicit in
recognition information used to cipher the recognition mark to place possible
mistakes that may be harming the mark along with the points gained by
fixing those errors.

To maximise the broker’s reimbursement for
recognition related merchandises and services, Support Suite’s
Moral Force Bill tracks every dollar spent on the applicant. If the
agent desires reimbursement at the shutting table, he or she simply
chooses any or all of the merchandises and services purchased for the
applier from a generated list. The tool then numbers the costs and
makes an bill that tin be submitted to the shutting agent. Should
the agent desire contiguous reimbursement, the selected points can be
processed via the applicant’s recognition card. Either way, the tool maximizes the broker’s
ability to recapture costs either at the loan shutting or anytime via the
applicant’s recognition card.

PaySaver gives a mortgage brokerage firm complete freedom from the fiscal
liability of any costs incurred by designated loan military officers or
attached agents. By simply designating a peculiar Support Suite user
as PaySaver, all complaints will be billed to the PaySaver’s
recognition card. The PaySaver user have complete control over the recognition card
or card game used as well as the frequence of billing. To take down costs for
all parties, the purchase volume of every user is accredited to the
business relationship as a whole. Even though the PaySaver users are paying for their
ain purchases, their accumulative volume still numbers toward better
terms reductions in the price tiering. There is no cost to put up these
separate loan military officer PaySaver accounts.

Built into Support Suite is a series of pricing grades that let the
agent to have automatic terms reductions as their concern grows, ensuring
that as purchase volume increases, their purchase price decreases. This
is extremely helpful for nett subdivision organisations where every user can
be added to the system, giving the full organisation a price reduction for
the volume of all users. With Support Suite’s
PaySaver option, each user can be financially responsible for his or her
ain bill, yet still take part in the automatic tiered pricing. At any
time, the agent can see where the adjacent price reduction degree begins. With
Support Suite, pricing price reductions get with as a few as 50 recognition
studies a month.

A single recognition study purchased through Support Suite can be
universally reissued through its single, common data file figure to Freddie
Mac, Fannie Mae or any lender’s proprietary
underwriting engine. The data file figure is used as the reprint number,
eliminating the demand for agents to retrieve separate Fannie Mae or
Freddie Macintosh numbers. Support Suite is the first recognition direction
software system that enables automatic reissuing of any recognition data data file through the
usage of one file figure to Fannie Mae, Freddie Macintosh and lenders.

“As the industry goes on to consolidate,
agents necessitate effectual solutions that aid them pull more than concern
while lowering costs,” said Alan Baia,
president of Cogent Road. “Most recognition
coverage federal agencies supply recognition studies as level files, making it
impossible to analyse the information that brands up the report. Our attack is
different. Support Suite’s Intelligent Recognition
Report back ups our scheme of using recognition information analysis in ways that
aid our clients stopping point more of their appliers while significantly
increasing their referral business. Whether it’s
uncovering concealed mistakes in recognition files, automatically interpreting
complex tradelines or generating 72 hr rescoring plans, we believe
these tools do a Support Suite user more competitive.”

About Cogent Road

Cogent Road develops Internet-based applications for the mortgage
industry, such as as Support Suite®, the industry’s
first, true Recognition Management Platform. Currently utilized by more than than than
40,000 mortgage people nationwide, Support Suite assists clients
measure up more appliers with its alone Intelligent Recognition Report and
protect applier information via information suppression and computing machine entree
restrictions. For mid to large-sized clients, Support Suite also offers
robust user-level entree controls and elaborate cost accounting. For more than
information about Cogent Road, visit www.cogentroad.com. For more than about
Support Suite visit www.fundingsuite.com.