LoanSystems.com
User Accounts fall into two categories - Paid
Users and Free
Users. 
Paid Users - Paid Users originate loans (receive their own
1003's and Pre-qual Requests) and are provided with a web site
by LoanSystems.com.*
Free Users - Free Users submit 1003's or Pre-qual
Requests to Paid Users (Loan Originator), or simply view or
update loan information (i.e. Loan Processor). Free Users
cannot receive their own 1003's or Pre-qual Requests, nor can
they set-up a web site with LoanSystems.com. Free
User Accounts must be created by a Paid User.
To learn more about LoanSystems.com, see Features
or Getting
Started.
| Role |
Monthly
Fee
|
Notes |
| Loan
Officers |
$39 |
Loan
Officers are Paid Users. If
the Loan Officer's Broker is a user, the fee can be paid
by the Broker under a Multiple User Account. |
Lenders,
Loan Brokers
(No
Loan Originating)* |
$0 |
Lenders
and Loan Brokers are usually Paid Users. This gives the Lender or Broker the
ability to receive their own 1003's and Pre-qual
requests, and create new User Accounts.
Lenders
and Loan Brokers can also be Free Users if their use
of LoanSystems.com is solely for the purpose of
tracking loans, and not for receiving their own 1003's
and Pre-qual requests.
|
Lenders,
Loan Brokers
(Loan
Originating)** |
$39 |
Loan
Processors
(No Loan Originating)
|
$0 |
Loan
Processors are usually Free Users.
If the Loan Processor wishes to receive and process
their own 1003's and Pre-qual requests, a Paid User
Account is required. |
Loan
Processors
(Loan Originating) |
$39 |
Real
Estate Brokers, Agents
(No
Loan Originating) |
$0 |
Real
Estate Brokers and Agents are usually Free Users.
If the Real Estate Broker or Agent
wishes to receive their own 1003's and Pre-qual
requests, a Paid User Account is required. |
Real
Estate Brokers, Agents
(Loan
Originating) |
$39 |
| Borrowers |
$0 |
There
is no cost to the Borrower to use LoanSystems.com. |
Others
(i.e. Escrow, Underwriter, Title, Appraisal,
etc.) |
$0 |
All
others use LoanSystems.com for free, but they
must be added by a Paid User. |
*Users
must provide their own domain name to set-up a web site with
LoanSystems.com.
**No Loan Originating means that the User does not
receive 1003's or Pre-qual Requests, nor can they create new
User Accounts. An example would be a Real Estate Agent whose
Loan Officer adds them as a Free User. When the Free User
Account is created, the Real Estate Agent is granted access to
view the progress of loans that they are involved in. The Real
Estate Agent also receives custom 1003 and Pre-qual Request
links, which can be used on their web site or sent to clients
by e-mail. But when new 1003's or Pre-qual Requests are
submitted using these links, the 1003's and Pre-qual Requests
are received by the Paid User that created the account. If the
Real Estate Agent wishes to receive his own 1003's and
Pre-qual Requests, a Paid User Account is required.
***Loan Originating means to receive one's own 1003's
or Pre-qual Requests and either personally process the loans
or designate who will receive and process the loans. Paid
Users can also create other LoanSystems.com User Accounts.
LoanSystems.com accepts Visa, MasterCard, Discover, and
American Express. If a Loan Officer's Broker sets up a
Multiple User Account, the Loan Officer will no longer pay a
usage fee. If a Loan Broker notifies LoanSystems.com of
his or her intention to discontinue use of LoanSystems.com,
each Loan Officer that was added as a User by this Broker will
be offered the option to continue using the service for the
standard Loan Officer usage fee.
|
