Lender Support Systems, Inc. (LSSI), a global provider of eMortgage enabled lending and loan servicing technology solutions, announced Tucson, Ariz.-based First Magnus Financial Corp., one of the nation’s largest privately held mortgage companies, renewed its contract for the ninth consecutive year for use of LSSI’s core document preparation technology.
Since 1998, LSSI has provided document preparation technology and compliance services for First Magnus, which leverages LSSI’s WebDocs technology engine on its business-to-business e-commerce platform called FMFC Online. First Magnus Financial Corp. is ranked among the top 15 wholesalers in the nation, and FMFC Online is specifically designed to help its broker partners maintain a competitive edge while closing more loans with less work and higher profit margins.
WebDocs offers Internet-based loan documentation and disclosure 24 hours a day, seven days a week, 365 days a year. The application creates loan documents within seconds, which are electronically sent to e-mail accounts that can be accessed by users.
“We continue to rely on LSSI because their technology and compliance services further enables us to provide our customers with efficient and cost-effective mortgage services,” said Dominick Marchetti, CIO of First Magnus.
“LSSI’s document preparation technologies provides lenders such as First Magnus with a fully compliant, fast and accurate closing document solution that seamlessly interfaces with virtually all existing LOS systems,” said Cary Burch, president and CEO of LSSI. “We strive to deliver a low cost, high quality alternative to other closing document providers that result in increased profits per loan.”
About First Magnus Financial Corporation
Tucson, Ariz.-based First Magnus Financial Corp. is one of the nation’s largest privately held mortgage companies. A nationally recognized price leader in both conforming and JUMBO loan products, First Magnus offers Web-based wholesale transactional initiatives and provides bundled services including credit and insurance services. The company is committed to providing its broker partners with the most advanced mortgage technology solutions available. Additional information can be found at www.firstmagnus.com.
About LSSI
Founded in 1982, Lender Support Systems, Inc. (LSSI), led by mortgage industry veterans, provides a superior suite of eMortgage enabled technology solutions to mortgage lenders (including but not limited to bankers, credit unions, community banks) and service providers as a platform for building more streamlined, cost effective and profitable loan origination services. The company offers a full suite of technology solutions including: compliance services, mortgage closing document preparation software, servicing software, document imaging, data extraction, business process outsourcing solutions and custom software solutions. For more information, visit www.lendersupport.com.