Originators and lenders can easily create or import 1003 application data in LION, Inc.'s 1003 Manager. The online origination tool provides various functions such as credit report population, printing functions, and submissions to Fannie Mae?s Desktop Originator for automated underwriting. This allows mortgage companies to quickly deliver an underwriting decision to customers.
LION, Inc. markets a complete e-commerce technology solution for wholesale and retail lenders through its LoanCAT initiative. LoanCAT includes web-based applications to support online wholesale/retail origination and fulfillment services. As an ASP in the mortgage business-to-business space, LION, Inc. customizes and hosts lender web sites and provides the software applications needed to automate lender loan pipelines and facilitate an efficient and fast loan process.