“FullCircle®” MORTGAGE QUALITY CONTROL SOFTWARE
ACCESS MORE INFORMATION
· FullCircle allows you to transfer greater amounts of information from most Loan Origination Systems – an unlimited number of fields of information for each loan, including details on up to six borrowers. FullCircle Individual Loan Detail Screen provides easy viewing of all individual loan details.
· FullCircle Individual Loan Detail Screen displays imported loan values and FullCircle’s calculated values ensuring that key information, such as Loan-to-Value, is accurately reported. Discrepancies are highlighted for easy detection.
MAXIMIZE DATA INTEGRITY
· FullCircle Audit Selection Module establishes the complete audit structure in minutes. Easy to use settings ensure uniformity throughout all phases of QC/QA processing and underwriting.
· Supervisory approval settings and the “locking” of completed loan reviews, maintains the integrity of the audit. FullCircleTracking System allows individually set response time frames for reverification documents and exception memos and alerts users to overdue responses.
· FullCircle Address Book allows storage of all frequently contacted recipients (such as large employers) as well as alternate contact information, including multiple contacts, phone numbers, and e-mail addresses for any recipient.
REDUCE PROCESSING AND REVIEWING TIME
· FullCircle Automatic Loan Selection (ALS) function is the industry’s fastest method of selecting loans for review based on any desired selection criteria. Random, Stratified Random, and Discretionary Selections may be used individually or in combination to achieve the desired sample in seconds.
· ALS produces summary reports or detailed reports of the selection criteria used and the actual loans selected, so there is never a doubt about the efficacy of your selection process.
REDUCE PAPER AND SPEED UP RESPONSE TIME
· FullCircle is the most “paperless” mortgage QC solution available, providing secure electronic transmission and receipt of exception memos and all FullCircle reports. You will see a remarkable increase both in the speed and quantity of responses to Exception Memos, substantially increasing the speed of your loan review.
· Add a fax printer to FullCircle and you can send re-verification documents complete with letterhead and signature directly from FullCircle to the recipient.
· FullCircle paperless features make it much easier to conduct pre-funding reviews as well as completing your quality control reviews well ahead of deadline.
FLEXIBILITY
· FullCircle may be installed at your premises on your own server or QC Solutions will centrally host it.
CONDUCT SIMULTANEOUS AUDITS/MULTIPLE AUDIT TYPES
· FullCircle enables quality control and quality assurance to conduct an unlimited number of concurrent audits of varying types without overlap or confusion. In addition, FullCircle has the built-in ability to be tiered to provide independent audit platforms, each with unique documents, questionnaires, exceptions, etc., ideal for EPD reviews or audits of consumer and/or commercial loans.
· FullCircle helps prioritize work flow and tracks time-sensitive documents for each audit. Custom settings provide maximum ability to meet even the most rigid deadlines. All FullCircle documents are produced complete with designated letterhead and signature, ready to mail, fax or e-mail. Each document and exception memo is uniquely numbered and bar-coded for mistake-proof fast receiving.
· FullCircle Automated Checklists bring consistency and streamlining to the Reviewing process, allowing lenders to make the best use of staff resources and individual levels of experience. Management settings allow the flexibility to give experienced QC Reviewers the ability to change exception memos as needed, add exception comments, and/or add or create ad hoc exceptions not linked to the questionnaire.
RECEIVE MERGED CREDIT REPORTS QUICKLY AND SECURELY
· Lenders with their own repository codes can save substantial time by pulling needed credit reports directly through FullCircle. Authorized users may request and retrieve credit reports in seconds via a secure Internet connection.
· Credit requests are transmitted over and Internet connection to the individual repositories; returned reports are then logically de-duplicated and merged by using “intelligent” credit merge technology, formatted to your specifications and returned to FullCircle . Credit reports remain solidly linked to the right loan for mistake-proof matching.
INCREASE INFORMATION SECURITY
· FullCircle eliminates security issues by allowing supervisors to add or delete user access in seconds. The system allows for the assignment of unique user rights for each individual staff member. In addition, FullCircle will provides real time tracking of every activity and every user, allowing management the ability to easily access staff performance data.
IMPROVE SPEED AND THOROUGHNESS OF REPORTS
· By providing access to greater, and more accurate, information in the shortest amount of time, FullCircle can be a lender’s strongest management and planning tool. Within minutes of the completion of a review, FullCircle users can provide management, or investors, with easy-to-read reports making FullCircle ideal for:
· Compliance Reviews · Quality Control Audits · Portfolio Valuation · Risk Assessment
· Fraud Detection · Default Projections · Originator Assessment and Training Needs
· Origination Issues and Originator Type Comparisons · Market Trends and Analysis
· Advanced Management Reports
FOR MORE COMPREHENSIVE INFORMATION or FOR A DEMONSTRATION
of FullCircle®Software, CONTACT:
QC Solutions
(561) 429-6889 cell (954) 263-5399
e-mail: sales@qcsol.com
Demo