Loan Submission Management System™ (LSMS) by AFT Solutions
Automated Underwriting — Product & Pricing Engine - and More!

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About AFT Solutions
ADVANCED FINANCIAL TECHNOLOGIES

AFT Solutions offers banks, credit unions and other lending organizations access to a powerful online Loan Submission Management System™ (LSMS).

LSMS is a comprehensive suite of powerful loan origination tools including:

• Loan Tracking
• Credit Pulling Capability
• Pre-Qualification Automated Underwriting (AU)
• Find Interest Rates+ Pricing Feature
• Full-Application (1003)
• AU + Submission feature
• Lock Request ability
• Loan Docs Request feature

The LSMS suite offers the following capabilites:

• Upload/download 1003/1008/PreQual from/to any LOS/Fannie Mae Format
• Pull/Re-issue Credit Reports through your own Credit Reporting Agency
• Pipeline Status Management with Access to All Pipelines
• Automatic & Customizable Field Population to 1003/1008/PreQual
• Dynamic Program Maintenance and Management
• Simple Pre-Qual Submission
• Rate Pricing Capabilities, easily Uploaded/Downloaded to/from Any Format
• Automated Underwriting Engine with Unlimited Condition Fields and Guidelines
• Rate Lock Capabilities
• Manage User Accounts, URL links, Term/Agreement edit, Vendor Link Set-Ups

At the heart of the LSMS is AFT Solutions' powerful and flexible SMART System™. AFT Solutions’s SMART System can underwrite and condition your loans to the most complex program guidelines. The SMART System™ allows you to offer instant Automated Rules Based Underwriting decisions on every loan program you offer.

AFT Solutions has created a proprietary end-to-end mortgage-banking platform that includes The SMART System™, which is divided into three separate modules, which are available individually or can be purchased as one total solution:

SMART 1 — Pricing engine with your customized program information. Real-Time pricing with 100% accuracy. Includes a loan finder that determines which program is best suited for the borrower.

SMART 2 — Automated underwriting and conditioning for all products including A-Paper, Alt-A, Sub-Prime, and Hard Money.

SMART 3 — Secondary manager provides loan servicing capabilities, abilities to pool loans, get purchase advice and shipping information for your funded loans. And because this is our exclusive propietary system, no other provider can match the sophistication of our web-based financial solutions.

The SMART System™ offers the following advantages:

• Sales Advantages
• Quality Control
• Time Savings
• Cost Reduction
• Customer Service

Sales Advantages

• AFT Solutions' private label 1003 allows you to keep your current site design, and rapidly add a complete functioning online application for automated underwriting approvals.
• The SMART System runs in a branch environment so all of your personnel can approve loans on the spot. Imagine every employee in your firm being able to approve new customers while ensuring a perfect underwriting decision. How many more loans would you close if your call center had the ability to offer loan approvals in mere seconds?
• Fast access to the approval information your sales people and brokers need. Simply complete one easy form and hit submit. The system even checks for accuracy and completeness to make sure no erroneous data is entered. Your site is in business, serving your customers, 24 hours a day, 7 days a week, 365 days a year.
• We allow the SMART System to run "inside" your customer's location. We will help you launch private label services that steer more approved business to your company.

Quality Control

• Real-time credit checks with all 3 major credit bureaus
• Evaluation per each clients Underwriting guidelines
• Credit report used for underwriting is available to lender for quality assurance purposes without additional fee
• Secure transactions with SSL Encryption Technology

Time Savings

• Credit approval (or denial) within mere seconds
• Ability to import/export to Major LOS vendors
• Seamlessly request automated underwriting decisions from Major LOS vendors
• Ability to import a 1003 completed offline
• Ability to download a file and credit report in a FNMA standard 2.0 or 3.0 file format. AFT Solutions does all of the systems maintenance, which means fewer demands on your staff, and faster deployment of program changes and enhancements. There is very little training needed since our simple to use design makes the system extremely user friendly

Cost Reduction

• AFT Solutions does not require your company to spend months of development resources or hundreds of thousands of dollars in launching your automated underwriting system.
• Only work on the loans you know you can fund. Since the SMART System will approve or refer loans based upon your specific program guidelines, you can be assured that your staff will only be working on loans that your company can actually fund.
• Centralized maintenance of approval guidelines means fewer demands on staff, and faster deployment of program changes and enhancements.
• Easy training and user friendly design saves time and minimizes support phone calls.
• Significant cost and time savings through automation and integration of the credit report, underwriting, and loan approval work flow processes.
• Automated underwriting and conditioning could reduce staffing requirements or allow you to deploy staff where they are more valuable.
• AFT Solutions can rapidly update your underwriting guidelines via the SMART System.
• Nothing to install, simply point a 4.0 or higher web browser at the site and you are in business. While the system works fine on a web connection speed as slow as a 28.8k dial-up modem, we do recommend a dedicated DSL or faster line for heavy usage.
  

Cost Reduction

• No more having to phone or fax underwriting decisions. No more having to work on someone else's schedule. AFT Solutions’ SMART System is available 24 hours a day, 7 days a week, 365 days a year.
• Every loan request will be underwritten and conditioned to your program guidelines to ensure an accurate approval and high loan quality.

AFT Solutions' Major Benefits:

Minimal Up-Front Costs
AFT Solutions enters each client’s program guidelines into a customized SMART System module at a reasonable cost to the customer. This allows lenders to avoid the large up-front investments that would otherwise be required to develop and implement their own complex Internet-based solutions.

Reduction of Technology Risks
Through out-sourcing, customers enjoy the benefits of a highly trained and experienced technology group, which ensures that state of the art technology advances are implemented and maintained in their operations. AFT Solutions' technical staff acts as an extension of the lender's Information Technology organization and provides expertise in programming logic, networking, systems integration, and administration support.

Lower Transaction Costs
The efficiencies of automated underwriting provided by the SMART System significantly reduce loan origination and processing costs by eliminating many of the manual steps currently required to arrive at a credit decision.

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