PriceMyLoan is now a Certified BPO Provider of Xerox Mortgage Services' BlitzDocs Collaboration Suite, one of the mortgage industry's most widely-used solutions for electronic document collaboration. With BlitzDocs deployed, loans generated from PML are seamlessly dropped into a collaborative e-folder and transformed into electronic documents for underwriting, auditing, transfer and archiving.

    "The integration of Xerox's BlitzDocs with PML has resulted in a paperless initiative that drives greater efficiencies throughout the entire loan lifecycle," said Gigi Campbell, national sales director, PML.  The Xerox Mortgage Services team will provide you with a variety of customized services to ensure complete satisfaction with your solution. All of our services are guaranteed. Our professional services team will work closely with your organization to configure your specific information such as document types, loan stacking order and process flow information in days, not weeks or months.

    BlitzDocs Collaboration Suite fits this model of going paperless. Rather than having to learn a new way of doing business or forcing an entire industry to adopt a new standard, BlitzDocs Collaboration Suite provides a new tool that brokers and underwriters can learn in thirty minutes and start using immediately. Once they use BlitzDocs for one loan, they will never want to process a loan any other way.Going paperless does not mean that paper is absent from the entire process, but rather that it is dramatically reduced (or eliminated) at the point of entry into the loan process. Specifically, once paper has been converted to an electronic format, the underlying paperless technology or platform needs to be able to support a high level of electronic collaboration among industry participants.

    PriceMyLoan is a true automated underwriting system. Underwriting guidelines of every investor loan product are written and maintained in amazing detail, resulting in loan decisions that are accurate beyond comparison. Additionally, results are displayed with custom underwriting conditions and stipulations included. Pricing is fully adjusted and incorporates matrices sourced directly from each investor. PriceMyLoan automatically applies the appropriate loan level adjustment based on borrower credit characteristics, along with property and loan details. Rate sheets are updated continuously every 60 minutes. After pricing and adjustments have been applied, lenders can manage profits margins through the use of multiple price groups, which can structure separate pricing for different lending channels or even preferential pricing for individual users.

    PriceMyLoan is literally a credit expert. Our unique history in credit reporting affords us the ability to read, parse and process live credit data to a degree that is simply unmatched. PriceMyLoan meticulously analyzes individual borrower tradelines, identifying derogatory information including bankruptcies, foreclosures, public records and mortgage lates. The resulting eligibility and pricing decisions are extremely accurate and can prevent costly errors from occurring.