As everyone knows, the 1003 form can be intimidating. Thankfully, LoanSystems has created a welcoming and user-friendly six-step loan application that your clients, loan processors, or you easily complete. It can even be submitted with partial information and completed later.
When you set up a Loan Originator Site account, you can customize the color scheme of your loan application and upload your logo and other contact information, all of which display on the loan application when it loads.
The six-step Quick App is built with responsive HTML coding that formats and displays perfectly on desktop computers and mobile devices, which many people use to access the internet. Your clients can fill out the entire form or save it and continue later. This is tremendously convenient since many details needed for a loan application may not be available when getting started.
Information from the Quick App transfers easily and quickly to a 1003. LoanSystems allows you to edit, print, and export for use with your LOS. You can also import 1003s to manage or update within LoanSystems.
LoanSystems can be used to create and manage 1003s and works seamlessly with the redesigned Fannie Mae Form 1003 MISMO® v3.4 and the prior FNM 3.2 file version, which many loan originators still utilize. The LoanSystems six-step Quick App, designed to be user-friendly, imports seamlessly into a 1003.
The Loan Status Tracker is where users can track or update the status of their loans or export the 1003s for management in their LOS.
