Loan Status Tracker makes
it a breeze for your
Loan Processor to
keep you up-to-date.
Loan Status Tracker
The Loan Status Tracker is a web-based worksheet that allows mortgage originators and processors to view and update the status of loan applications as they move from origination to closing. The Loan Status Tracker displays loan applications received through your Loan Originator Site, 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.
The Loan Status Tracker allows you and your loan processor to view all loan applications by the name of the applicant and the person who referred them to you, and their status, which appears in the following steps:
- Application Received
- Disclosures Sent
- Loan Submitted
- Loan Approved
- Appraisal Ordered
- Clear to Close (CTC)
- Documents Out
- Loan Funded
- Loan Withdrawn
- Loan Cancelled
- Loan Denied
- Current Status
Seamless 1003 Management – Fannie Mae 1003 MISMO® v3.4 and FNM v3.2 Compatible
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.
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 steps. 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.
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 steps. 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 column, 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.