Buffalo, NY - November, 2022 - New Jersey-based NJ Lenders Corp has integrated with mortgage technology company LenderLogix to automate their upfront fee collection process.
The move positions NJ Lenders Corp to provide borrowers with a better user experience while internally streamlining operational processes.
NJ Lenders Corp implemented LenderLogix’s Fee Chaser solution specifically for its easy-to-use interface and its simple implementation to their LOS. Fee Chaser enables them to request fee payments via SMS and email communication. Payments will then be made through a secure payment processor, and NJ Lenders Corp does not have to manage or store financial data.
According to a NJ Lenders Corp spokesperson, this has already alleviated the need for manual processes, saving the processing and accounting teams time.
LenderLogix is a mortgage technology company focused on point-of-sale solutions including a sleek 1003, adjustable pre-qualification and pre-approval letters, automated upfront fee collection, customized closing gifts, milestone SMS updates, and CRA analytics. Hundreds of institutions across the US use LenderLogix’s technology to stay competitive in their markets. LenderLogix is a Premier Mortgage Bankers Association member and a proud winner of HousingWire’s 2022 Tech100 award.
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Also shared via NEXT Mortgage News.