Question:

How can I get mortgage lending software?

Answer:

You can purchase mortgage lending software online. However, there are a lot of mortgage software packages. Before you get one, you want to have an idea what kind of software you actually are in need of.

Do you need servicer's software package or mortgage software for originators? Loan closing software or loan status software? Or a mortgage lead management tool?

For mortgage lenders there will be comprehensive packages to help cover the multiple functionality of a mortgage lender's office.

Well-Known Mortgage Lending Software Packages

  • GMAC Residential Funding/GMAC Bank AssetwiseSM loan evaluation tool;
  • Fannie Mae Desktop Underwriter®;
  • Freddie Mac's Loan Prospector®;
  • HMDA Rate Spread Calculation.

There will be proprietary mortgage lending software products offering the same functionality and made compatible with the requirements of the lending industry. Before you purchase, make sure all compatibility requirements are met and you are buying a useful software package. Reliable mortgage lending software is not likely to be free.

Mortgage rates hit their lowest since 1955. Ask the home loan experts we recommend Quicken Loans how to take advantage of them.
Was this Mortgage QnA helpful?
Not at all
  • Currently 2.9/5 Stars
  • 1
  • 2
  • 3
  • 4
  • 5
Definitely
Add to this Answer

Mortgage QnA is not a common forum. We have special rules:

  • Post no questions here. To ask a question, click the Ask a Question link
  • We will not publish answers that include any form of advertising
  • Add your answer only if it will contrubute to the quality of this Mortgage QnA and help future readers
If you have trouble reading the code, click on the code itself to generate a new random code. Verification Code Above:
Bookmark and share this QnA: