THE LPS LOAN QUALITY GATEWAY®, POWERED BY RealEC® TECHNOLOGIES
The LPS Loan Quality Gateway (LQG) is a comprehensive, Web-based platform that supports a lender's loan quality programs to help minimize loan repurchase and drive efficiencies in the mortgage transaction thereby reducing processing costs.
As an open platform connecting lenders with their choice of business partners, the LQG provides data aggregation, workflow management, centralized product ordering, and tracking and reporting for all services that are required during the loan origination process.
Its suite of advanced analytic solutions evaluates loan data from multiple sources to consistently and proactively identify data issues that affect loan quality. The Loan Quality Gateway enables lenders to efficiently and effectively manage the broader loan origination process and helps them to meet investor salability requirements.
The LQG runs parallel to a lender's loan origination system and creates transparency and data integrity between lenders and investors.
The LPS Loan Quality Gateway consists of four components:
- Exchange™ – Provides loan origination services and technology solutions for lenders to leverage and meet loan quality requirements for both internal strategies and external mandates
- Valuation Insight® – Collateral evaluation tool that confirms completeness, assesses appraisal quality and provides valuation transparency
- Quality Insight™ – Loan quality assessment tool that automates internal quality control reviews, provides consistent feedback on investor and lender compliance requirements, supports remediation and exception processing, improves data integrity and reduces repurchase requests
- iFolder – Centralized repository for data, documents and product transaction history associated with each loan.