Bridgelock Capital Selects PCLender's Integrated Mortgage Document Imaging and Management Module

Virtual File Allows Lenders to Store and Track Loan Documents from Pre-Qual to Post Closing

HONOLULU--(BUSINESS WIRE)--PCLender.com, a web based software and services solutions provider to mid-sized mortgage bankers, has added integrated imaging and document management to its InHouse Mortgage Enterprise Lending System, providing lenders new levels of efficiency for loan processing, underwriting, investor delivery, and file archiving.

“Lenders need document imaging and management tools to function seamlessly from loan application through post closing and secondary marketing”

PCLender’s imaging component includes web based document storage allowing all users with access to the InHouse Mortgage system to load and view documents via a completely hosted system. All stored document images are linked both to loan status and conditions specific to a loan’s requirements. The system allows management to assign security rights to view, load or clear documents based on a user’s role in the transaction.

Users of PCLender’s document imaging and management component will experience the following benefits:

• Originators can easily link images such as pay stubs, W-2’s or bank statements for centralized review by the processing and underwriting departments

• All documents required for electronic delivery to the investor can be managed and exported for streamlined loan delivery to investors

• Reduced copy and storage expenses associated with file storage and archiving

• Simplified documents search for closed, cancelled, and denied transactions

• Streamlined process for outsourcing solutions such as contract processing, underwriting or quality control reviews

• Simplified implementation and training steps for immediate system integration and use

"Due to the rigorous demands of the real estate lending marketplace, and the need to streamline processes, lenders of tomorrow will require document imaging and management to be successful," said Bridgelock Capital COO Brent Houston about the firm's decision to implement the PCLender tool. "The PCLender component allows me to quickly identify and assign accountability to each of my staff members throughout the entire process."

“Lenders need document imaging and management tools to function seamlessly from loan application through post closing and secondary marketing,” said PCLender founder and president Lionel Urban. “The imaging module of PCLender’s InHouse Mortgage system allows lenders to create a virtual file at loan prequalification and through it to manage all relevant documents across the loan lifecycle.”

User tools include easy drag and drop, or icon features to organize and approve documents in the virtual loan file. In addition, document images may be viewed on a Clipboard basis to create a virtual file while working within a loan transaction. For long term storage, lenders may archive document images either online or on their own system.

About Bridgelock

Bridgelock Capital is the NextGEN Subprime Lender incorporating common sense underwriting for borrowers and/or properties that do not meet conventional underwriting guidelines. With over 30 years of experience, Bridgelock Capital incorporates technology and autonomy, to ensure that each transaction is successfully completed in a timely manner.

About PCLender.com

PCLender.com provides web based software and services solutions to mid-sized mortgage bankers. Its mission is to empower lenders to deliver expert mortgage banking services while delivering the highest quality loan product both to the consumer and the capital markets. PCLender.com believes that expertise and quality lending practices equate to the highest level of success for lenders. It designs systems and solutions to help them.

For more information contact Sean Dugan at [e-mail].