Since a software is doing calculations instead human beings, there are no chances of intentional mistakes.
Throughout all the screens, our application gives suggestions for auto-complete as it is enriched with dictionary and drop-down boxes that contain valid options and names only.
Administrator user if encounters any unethical intentions on part of any officer for passing of debt, he can assign profile of applicant to another official entity.
Our coded modules inherit all the business logic from Fannie Mae framework that is endorsed throughout USA. Therefore, application is fully applicable where Fannie Mae is applicable.
Our developed app/module has capabilities to identify and respond to new inquiries came in form of legal docs validation. Also, all documents can be saved in application’s database instead in local computer for portability.
With advanced filters, assessor can single out profile of any applicant from thousands just with a little information on hand. This essentially saves time and efforts, so more number of inquiries can be served in a day.
Variance Infotech will work with you to create custom screens and add data points according to how you want loan process workflow If you are a bank or like NBFC and want to utilize Fannie Mae® framework, we will develop derived web application based on it.
Next screenshot exhibits technical representation of checks performed against a loan request of any applicant’s profile. It is an exported file from Fannie Mae® software and is not in human understandable format. All output files embarked by Fannie Mae® API unflinchingly have .fnm extension.