Mortgage Loan Origination Software – 10 Functions of Mortgage Banking

Regardless of a mortgage lending organizations’ size, mortgage loan software, data security solutions and automation tools and services should be able to assist with mortgage loan automation requirements. In today’s chaotic mortgage lending environment origination and document security systems need to be easily configured to emphasize a company’s special needs and increase efficiencies across all aspects of the loan origination process, allowing lenders to increase quality and productivity.

Technology-driven automation is the key to succeeding in the increasingly complex, deeply scrutinized mortgage industry. Web-based (Software-as-a-Service), Enterprise mortgage software that supports the ten primary functions in mortgage banking will provide lenders with the necessary competitive advantages to succeed in today’s mortgage industry.

Ten Primary Functions in Mortgage Banking

  1. Mortgage Web site design, implementation, and hosting to provide product, service, loan status, and company information to mortgage customers and business partners
  2. Online loan applications for gathering information from borrowers and business partners that issue loan terms, disclosures, and underwriting conditions
  3. Loan origination software for managing loan data, borrower data, property data, general status reporting, and calculations
  4. Interface systems to send and receive data from real estate service providers, such as credit reports, flood determinations, automated underwriting, fraud detection, and closing documents
  5. Internal automated underwriting system that is simple enough for originators and sophisticated enough for underwriting portfolio loan products
  6. Document generation for applications, upfront disclosures, business processes, and closing documents
  7. Integrated imaging that is used from loan origination to investor delivery and for file archiving
  8. Interest rate and fee generation along with program qualification guidelines
  9. Secondary marketing data tools to track loan revenue and investor relationships, including warehouse line management and interim servicing to complete the back-office system
  10. Reporting such as loan delivery, year-end fee reporting, and HMDA reporting for loan application disposition

Web-Based, enterprise mortgage software that supports the ten primary functions of mortgage banking simplifies compliance, maximizes operational efficiencies, and increases profitability.

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How Are Brains Different From Computers?

Ever wondered how brains are different from computers? This article shows how. Read on to find out.

Brains consist of cells called neurons and they connect with millions of other neurons and information gets transferred across connection gaps called synapses. Inside the cells data are processed which gives rise to an idea, concept or understanding.

Computers are built of hardware chips and the central processing unit (CPU) processes data after receiving them from the other chips. How it processes data conss of several steps but the main outline is that software programs are fed into the CPU and processed. They provide end result information depending on how the programs are furnished with data and what the query is that fed into the system. If some information is asked that is outside the scope of the software programs, the computer gets limited in functioning.

Brains, however, are limitless. From childhood until adulthood, the brain gets more and more developed and mature. It can process unknown data or abstract data as well and provide insights and knowledge.

The brain is more complex than the CPU and therefore, with neurons and synaptic connections, it is possible to process all kinds of information. It uses the five senses: touch, smell, hearing, taste and sight and takes in information and produces knowledge.

On the other hand, the CPU of computers takes in data from the typing of the keyboard and processes it, which is very limited. However, it is only human beings feeding data, writing software programs and making the computer like like a brain although not quite so.

The brain is still more intelligent than the CPU of computers and has yet to train the computer to have like the brain of a human being.

Yes, computers will be able to take over many tasks of human beings but without human beings, they are lifeless because humans have to give life to these computers, operate on them and have regular updating, monitoring and maintenance on them.

Just as a brain needs to rest and relax, computers will also need that from time to time but they can operate longer times than the average brain. While the brain sleeps, the computer can carry on with its duties of processing data and converting them to knowledge and information.

Summing up, although the CPU is sometimes called the brain of the computer, it is actually a misnomer because as I have outlined in this article, the brain is definitely different from the computer in varying ways and the brain has yet to teach the computer to Behave 100% like a brain.

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Advantages and Disadvantages of Biometric Time and Attendance Software

First of all let me ask you what you understand by time and attendance software? Have you ever been asked to log in as soon as you enter office and the main gate of the office has a Biometric machine that takes in your finger prints and allows you to enter the office premise? Yes, these are the time and attendance software being installed in a company.

Biometrics consists of methods for uniquely identifying a person (human being) by his/her physical or behavioral traits. There are many biometric software available in market for such purpose and their use is widely known. One such use is Biometric time and attendance management software.

Those days are gone when we had to punch in cards or sign into a register to tell the other person that we are present. Just as paper checking has been changed from manual to computerized, identifying a person and letting him in your office has been changed from manual to biometrics.

There are many benefits of having such methodology in your office. Such as:

• Accurate timing: When a person looks at his watch and enters the time there is a slight chance that he may see the wrong timing and write. Whereas with biometric time and attendance software there is no possibility of such mistake. The user does not need to see or check the time, it automatically gets logged in.

• Less error: There is no scope of human error here.

• Profit to company: If it’s accurate and correct the company will definitely gain from it.

As everything has a good and bad side this too has its disadvantages, such as:

• Extra cost to company: Biometric software and machine cost a lot more, so installing such software need a good investment money wise.

• Extra management: Remember when every employee is logging his own timing when he comes or leaves; there is no extra management here. But, if you are putting a machine there has to be taken some care of it.

Biometrics time and management software is really helpful when creating payrolls for employees. Once a definite timing has been registered you don’t need to think twice before creating the employees pay.

Many homes are also using such kind of software to have a safe and secure home. Biometric software is really helpful when you need security in your home as well as in office. There are many companies all over the world providing such biometric time and attendance software. You just need to keep an eye on the technologies and websites that are providing you these.

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The Advantages of Working With a Software Boutique Company

First of all, a boutique is a small shop where clients can find dedicated merchandise and unique items, or products which are produced in small quantities. The advantage of entering in such a shop, compared to big supermarkets, is that here you’ll also find staff ready to assist you and to give you guidance step by step. Indeed, one may say that a boutique charges higher prices, also in comparison to chain stores, which is definitely true. However, once you bought something from a boutique you’ll have the feeling that you own a unique item, which will differentiate you from the rest, and isn’t this what we all want – to be unique?

Software boutiques are a new way of defining petite software companies which are focused on a certain niche, and which are able to offer specialized support to their customers. Even more, such a firm is able to offer a unique product, tailored on the client’s needs and requirements. But, let’s see what advantages does a customer have when collaborating with a software boutique company:

Tailored product

A software boutique takes the client’s specifications and transforms them into a customized piece of software. Practically, if you are not satisfied by the mass-produced software programs which you can find, then a boutique company will tailor a product according to each and everyone of your requirements. The outcome will be a software product which is able to fit perfectly your company’s needs.

Niche focus

Generally, a boutique company is focused on a certain niche, for example developing applications and software products using Microsoft technologies. The advantage of having such a partner, is that you’ll have the confidence that he has the knowledge and proven experience to offer you the best advices regarding that specific area, and that he’s always updated with the latest technologies.

Crystal clear communication and dedicated support

Having a smaller amount of projects, a boutique software company can offer its clients dedicated support, according to every client’s need through a direct communication flow. This means that the information won’t need to travel through several departments until it reaches you, so that you’ll always be updated with the status and the quality of the work.

A good communication, not only that can save time, but also can make the development process more efficient. For example if you want a specific functionality for your application, collaborating with a boutique firm, you’ll able to keep track of the development process and promptly interfere in the development process if the work isn’t going in the desired direction, or if you want to change the approach. Also, fewer the clients, better the support. Practically, a software boutique will offer you their entire attention and expertise, whenever this is required.

Every client is important

For a boutique company every client is important, and because they can’t afford to lose a client, they can’t really afford to do a bad job. Every development project is treated with care, and you’ll know for sure that your project will be handled by the best men.

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How To Select The Best Credit Repair Software

Credit repair software tools are available to assist both credit repair agencies and/or individual consumers with credit repair. Ideally, such repair software is user-friendly and allows the user to point and click to a series of questions, and subsequent options, to engage in the process of credit repair by challenging credit reports from the major credit bureaus.

There are many software companies to choose from. Some claim to be the “best” while others claim to have the “absolute best credit repair software on the planet.” They all provide a unique service with even more unique and distinct features. The issue that you need to consider most when selecting credit repair software is which feature set will benefit you the most. So let’s take a look at steps that will help you select the proper software package for you.

1. Try to find a product with good technical support. A proper credit repair software program behaves like other expert software. This means 24/7 technical assistance, recurring software updates, sufficient help/manual documentation, etc.

2. Your credit repair software must adhere to your personal needs. A lot of these products have numerous add-ons, bonuses and other things which you would be paying for, but may not need. For example, some vendors cater to credit professionals, so they have functionalities on client management, etc, which you don’t need as a home user. On the other hand, you might need financial tips or the automatic reminder system.

3. Keep in mind, that you may have to write letters and that you are a unique customer with a unique address, account number, social security number, and story behind your dispute, which will have to be inside the letter. This single activity will take you many hours to complete. Try to find a software that already has pre-loaded dispute letters. Then once the software has automatically extracted those disputes from the above mentioned credit report providers, this software will in turn suggest the appropriate dispute letter automatically within just a few seconds. Just imagine the hours, and amount of money you can save by just this feature alone. Most people have to hire or outsource this kind of work because their software does not do it automatically. So not only will you save time but you will also save money by not having to outsource the work.

4. Rank available packages through analyzing pros/cons/cost. Once you have a short list of possible software packages, try to rank them by analyzing the pros and cons of each, as well as comparing the cost to your budget.

5. See if there is a trial period for the software that you select. Now that you have selected which package you feel would be the best fit for you, make sure that there is a money back guarantee so that you can return it if you are not satisfied with the performance.

The more you work on your credit repair, the more that it will demand of your time. This is why it is extremely important to choose the best credit repair software available to help you automate the process as much as possible. Choosing the right software package for your needs can save you lots of time. Working with automated software can be compared to driving a car to a distant destination, versus walking there. One way will be significantly faster than the other. Repairing your credit will be much more difficult if you are not using an organized system.

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Who Invented Dell Computers?

The invention and the history of the Dell computer is quite interesting. First of all, it was in 1984 when Michael Dell, a student at the University of Texas at Austin, created the company PC's Limited. He only had a starting capital of $ 1,000. So what he did was started working out of his dorm room to build personal computers made from stock components. These computers were to be IBM compatible because that was the standard at that time. If a computer were to function with various pieces of hardware, it needed to be IMB compatible.

It is when Michael Dell figured that selling computers directly to customers to determine customer need that he dropped out of college. His family then extended him the $ 300,000 in expansion capital that he needed to make his business take off.

A success

It was in 1985 that the Turbo PC was developed and it sold for less than $ 800. It contained an Intel 8088 processor that ran at 8 MHz, which is significantly slower than the computers that we use today. Computers today are running in gigahertz, which are hundreds and even thousands of times faster than the 8 MHz processor that Michael Dell was installing in his computers at the time. But the truth is that this was the best that could be done in 1985. The technology was developing.

But there was an aspect of PC's Limited that was unique from the rest and continues to be this way today. It is the fact that customers could order their computers rather than buy a computer that was already assembled. This allowed individuals to receive computers at lower prices than what they could get with their competitors. This definitely worked because PC's Limited grossed $ 73 million in its first year of trading.

The beginning of Dell

It was in 1988 that PC's Limited became Dell. Prior to that, the company already had 11 international operations occurring, so the company was quite large. There were on site services set up to compensate for the lack of businesses acting as service centers for Dell computers. It was in 1990 that Dell attempted to sell through club houses, but had very little success with this. So it is then that Dell went right back to its direct to customer sales.

In 1996, Dell started selling computers on its website. An individual could go onto the website and custom design their computer so that it would be built to their specifications. From there, it would be shipped to the customer's home. Financing was made available so that individuals would be able to acquire their computers easily.

In 1999, Dell became the largest personal computer seller when they took over Compaq computers. Their revenue topped $ 25 billion in 2002. Also in 2002, Dell started selling televisions and other electronic items. They now have Dell brand printers, LCD TVs, and much more. Because of the expansion beyond computers, Dell was changed to Dell Inc. In 2003.

It is amazing that this billion dollar company started in a dorm room with $ 1000 in starting capital. And Michael Dell has always stood by the principles of letting individuals have the capability to design their own machine. Although there are Dell computers now sold in various retail outlets, a person can still go to the website and design the machine of their dreams. And Dell also offers a lot of assistance for individuals needing help with their computers. They offer on-site services and so much more for the computer user so that they can have the best experience possible.

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Advantages and Disadvantages of Biometric Time and Attendance Software

First of all let me ask you what you understand by time and attendance software? Have you ever been asked to log in as soon as you enter office and the main gate of the office has a Biometric machine that takes in your finger prints and allows you to enter the office premise? Yes, these are the time and attendance software being installed in a company.

Biometrics consists of methods for uniquely identifying a person (human being) by his/her physical or behavioral traits. There are many biometric software available in market for such purpose and their use is widely known. One such use is Biometric time and attendance management software.

Those days are gone when we had to punch in cards or sign into a register to tell the other person that we are present. Just as paper checking has been changed from manual to computerized, identifying a person and letting him in your office has been changed from manual to biometrics.

There are many benefits of having such methodology in your office. Such as:

• Accurate timing: When a person looks at his watch and enters the time there is a slight chance that he may see the wrong timing and write. Whereas with biometric time and attendance software there is no possibility of such mistake. The user does not need to see or check the time, it automatically gets logged in.

• Less error: There is no scope of human error here.

• Profit to company: If it’s accurate and correct the company will definitely gain from it.

As everything has a good and bad side this too has its disadvantages, such as:

• Extra cost to company: Biometric software and machine cost a lot more, so installing such software need a good investment money wise.

• Extra management: Remember when every employee is logging his own timing when he comes or leaves; there is no extra management here. But, if you are putting a machine there has to be taken some care of it.

Biometrics time and management software is really helpful when creating payrolls for employees. Once a definite timing has been registered you don’t need to think twice before creating the employees pay.

Many homes are also using such kind of software to have a safe and secure home. Biometric software is really helpful when you need security in your home as well as in office. There are many companies all over the world providing such biometric time and attendance software. You just need to keep an eye on the technologies and websites that are providing you these.

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8 Criteria to Choose the Best Antivirus Program For Your Needs

There is no best antivirus program in general. You can make the best choice of your antivirus software depending on your goals, your needs and your environment. In order to choose your best antivirus software you should look at vendor information, independent antivirus certifying agencies reviews, as well as other sources. Here are the essential criteria for the right choice.

1. Compatibility
Antivirus program has to be compatible with your PC configuration. Your PC must meet hardware and software requirements of antivirus solution.

2. Range of Protection
Antivirus software should protect your PC from as many threats and on as many viruses as it can: viruses, worms, trojans, spyware, keyloggers, adware, rootkits, password stealers, phishing attacks, spam and others.

3. Effectiveness
Antivirus protection delivery by antivirus program should be effective and efficient. You may find and compare test results released by independent antivirus certifying agencies: Virus Bulletin, AV Comparatives, ISCA Labs, Westcoast Labs and others. If some antivirus solution was scored by these agencies high and consistently near the top, then you really can not go wrong with this top rated antivirus software.

4. Easy Installation
Good antivirus program has a prompt and easy installation. Interface should be clean, easy, and intuitive to use.

5. Easy to Use
Most users want to "install and forget" their antivirus software. So the best antivirus solution should have default configurations acceptable for most users. And at the same time good antivirus program can be easily configured and tweaked by advanced users.

6. Features
The best antivirus programs have the large features set that may include:
– list of compatible versions of Operational systems and platforms,
– amount of used system resources,
– using of proactive protection without false positives and with effective utilizing of system resources,
– availability of laptop battery saving mode,
– bootable rescue disk,
– silent gamer mode, and other available options.

A comprehensive features set adds strength to antivirus solution.

7. Update
The best security solutions have Automatic Update option and automatically perform updates every hour or "as needed updates" to keep virus definitions and program code up to date.

8. Support
The best security programs have a comprehensive online and offline technical support. The program vendor should provide online knowledge base, FAQs, tutorials, user forums. The best sellers provide 24/7 support so you can ask your questions by phone, email or chat at any moment.

The best for your needs antivirus program delivers you the best security and usability with a minimal outlay of your time, money, or your PC system resources.

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Double Towel Racks – The Easy Way To Increase Space

Bathrooms almost always pose a storage challenge. They often have minimal space to do all the jobs we need to do in there and to store everything we use while we're in there.

When a bathroom is shared by a couple of people, or even an entire family, unique storage challenges come up, and they require unique solutions. When, say, four people use the same room for bathing, an obvious problem is: where do you put all the towels? Bathroom hardware manufacturers came up with a better solution: double towel racks.

A traditional single towel rack provides sufficient space to dry one towel. If you've got four people using four towels each day, and you have a typical bathroom, you'll need a wall covered with towel rods to provide enough drying space.

Double towel racks provide an innovation solution to this all-too-common bathroom storage problem. You'll find double towel racks come in traditional finishes like polished chrome and polished and antique brass, and popular finishes like brushed nickel and oil-rubbed bronze. You can find economic versions of double towel racks in unfinished wood and ceramic-and-plastic. Regardless of the amount the wall space you have available to install this hardware, you'll find one to fit your space; They come in the range of standard sizes.

If your bathroom is short on storage, you'll usually be open to considering any new space-saving solutions. You can find bathroom suites with a double towel racks installed below. Imagine-in the space where you could normally dry a towel or two, you can double your hanging space, and have room to store a few fresh folded towels and other bathroom essentials, too.

Double towel racks are an excellent solution when you've got lots of damp towels to handle, but other solutions do exist:

• Install a row of pegs or hooks along the wall of the bathroom.
• Install one or more multi-prong hooks on the back of the bathroom door.
• Buy a shower curtain rod with a towel rack incorporated in its design.
• When you purchase shower doors, look for ones where the handles double as towel bars.
• Install suction-cup hooks inside the tub surround.
• Place a swing-arm towel bar to the wall next to your tub or shower. This way, the towel bars extend into the room; They are not limited to hanging against a wall.
• Hang a hook over the bathroom door, linen closet door, or the door of the water closet. These over-door hooks come in single, double, and multiple hook versions in colors and finishes that either stand out or blend in.
• Repurpose an old-style coat rack and use it to hang towels in the bathroom. It takes up only a single square foot of precious floor space.
• If you want to add furniture to your bathroom, look for a hall tree, which is usually reserved for use in the foyer or a mudroom. They come in many styles and finishes, equipped with hooks, mirrors, storage benches, and shelves.
• If you've fortified enough to have a sizable linen closet in your bathroom, visit the closet organization section of your home improvement store. These stores have trained personnel who can help you look at the space you have and redesign it to suit your needs.

Installing a couple of double towel racks can provide a simple way to add storage space to your bathroom. But investigate all the possible storage options for your unique bathroom design challenges. You're not limited to one solution-think creatively and combine them to make a bathroom that works for you.

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What Are the Advantages of Using a Web Based Project Management System

Every project needs a large number of people for the completion of any task. Projects are of several kinds, and there capacity level is also variant. In order to help the managers control all tasks, management system was introduced. Project management system is used to make the managers feel easy. The first type of a project management system is manual.

However, nowadays much web-based project management software is available in the market. There is no need to process data manually. Everything is computerized; managers just have to enter the basic information into the system. Nowadays, lots of project managers are opting for web-based project management systems. They have access to the web-based project management software’s, and tools.

Using a web-based management system has several benefits. Project managers can reach their computers from anywhere, not only computers, but they can also contact their team members and check the progress of work. Discussing any problems that arise with the team is a lot easier. Team members can also interact with each other via e-mail.

Project scheduling is the basic solution of web-based task management plan in a large organisation. In many ways a web-based activity management plan can help your managers achieve optimum results. Whether a project is based on finance, marketing, construction, or information technology (IT), and web-based project management plan can help t.

Web-based activity management plan helps managers to make a proper scheduling plan of the project. Web-based software has many tools which help in managing time, and activities. The software includes spreadsheets, network diagrams, or Gantt charts to control the task management scheme.

In project-management scheme, HTML, ASP, or PHP are the supported languages coded into the software, and browser. The team can access it through a web browser. Moreover, main software is installed on to the server for multiple clients.

Project management scheme helps managers to supervise all the team easily. If the manager finds any team member late in the completion of the task, he/she can track the problem, and change that member, thus, avoiding any delays.. Web-based project-management-system enables the mangers to distribute the workload according to the capability of human resource (HR). In addition, he/she can monitor the performance of each person involved in the completion of a job. This web-based project management system also enables the manager to measure the achievement, and performance of the team in accordance to the strategy chalked down for completion, or achievement of the target.

Web-based project-management system keeps the human resources satisfied from the point of view that whatever performance he/she is given is being registered, and is not over looked. If, a company is using a custom-made programme, which is flexible to different projects, it remains cost effective, and is not a burden on the bottom line. For different projects, which have different dynamics, companies may need a tailor-made programme for them, This can be a little costly, but it ensures better management, proper monitoring, and timely completion of tasks, ultimately ensuring good performances. Nowadays, this web-based project software is a very important tool for the management of any project. Furthermore, using the correct project management scheme, and software, can help managers to manage their project smoothly, and effectively.

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