The Loan Status Tracker a web-based dynamic spreadsheet that allows mortgage originators to view and update the status of loan applications in their pipeline. This includes loan applications that were received through your Loan Concierge Page, Loan Origination Links that you place on your website or social media pages, and Loan Referral Links that you provide to your real estate associates. 1003s can also be imported into the Loan Status Tracker. You, and your loan processor, if desired, can conveniently view all loans by the name of the applicant and the person who referred them to you, and their status, which appears in the following steps:
Clear to Close (CTC)
When you create a free account for your loan processor, they can easily update the status of loans in your pipeline, and you can view this status from anywhere with internet access. Each step is date- and time-stamped when that step is reached. Notes can also be placed along with the step. Clicking on the date will display any notes.
The View/Edit link provides easy access to the loan application in the user-friendly six-step or 1003 view, which can be updated and saved. If you use Loan Origination Software, you can easily export your 1003s for management. You can also import 1003s into LoanSystems for updating.
Loan applications can be sorted by each of the columns, allowing for easy viewing. They can be archived when funded or when no longer active. Archived loan applications can be restored if needed.
Great Tool for Brokers
Mortgage brokers who use LoanSystems can view the status of all loans of connected loan officers. The status of loans can be updated by the loan processor or loan processors designated by the broker, or by the loan officer.
The Loan Status Tracker is a powerful tool to stay organized and on top of all loans as they move from origination to funding.