Precision LM™ Originator
Comprehensive Commercial Loan Origination System
It can be difficult to maintain loan forecasting and origination pipeline data on multiple spreadsheets and databases. Precision LM Originator is a comprehensive commercial loan origination system that implements efficiencies and controls to streamline the loan origination process from initial request through initial funding.
Precision LM Originator supports the global administration of origination operations, reduces decision and closing timelines, and provides consistency in underwriting approaches. As well as incorporating four independent valuation approaches, it also maintains a detailed loan history and audit trail from inception.
- Perform pre-funding accounting functions associated with the origination of a loan.
- Make use of the Application and Commitment Processing Area to pick up a loan request that has been approved to proceed to the application stage, or allow a new application to be entered for a loan decision.
- Generate and record correspondence and loan documentation through an interface with Microsoft Word®.
- Use the Origination Administration area to forecast and measure loan production targets, as well as establish loan origination default criteria.
- Pre-qualify loan requests received from brokers or other third parties prior to issuing a formal application.
- Produce fully customizable standard reports, written in Crystal Reports®, which are designed to address the basic needs of banks and insurers.
- Generate complete CMBS pooling, servicing, advances, recoveries and CMSA reports.