Who We Are
ONLINE Mortgage Reports provides products and services for fast and accurate loan processing. With increased competition, refinances with flat-rate fees, and the need to maintain profitability in this market slow down, closing more loans continues to be important. ONLINE’s full suite of Mortgage products, available from a central, web-based platform, is the easy choice for all your mortgage report needs. We are committed to helping you maintain your current market share while positioning yourself for phenomenal growth in the future. Remember, the centralized ONLINE Mortgage Reports platform is FREE to brokers and lenders, and it saves you time and money!
Why Choose ONLINE
ONLINE Mortgage Reports is the mortgage industry's premier credit-reporting firm. ONLINE provides you with the easiest to read credit reports, the newest technology, access to an all automated underwriting service and the best customer service in the mortgage credit reporting arena. All of this is provided to you safely and securely over the Internet. ONLINE does not charge monthly membership fees or monthly minimums, so you only pay for the reports you pull.
Features include:
- Easiest to read report available
- Flexible, web-based technology
- Automated underwriting
- Outstanding Customer Service
Interested? Request more information or call us today at (866) 630-6400.
Many lenders are taking advantage of the speed and cost savings available today with ONLINE's Mortgage Loan Report product for Equity Lines of Credit and Refinances. The Mortgage Loan Report (MLR) is a credit-based report used for Home Equity, Refinances, and Secondary mortgage loans. This unique product provides a view of the borrower's secured mortgage liens and any reported judgments and public record information. By combining credit data and borrower lien affidavit form, the completed MLR returns in 30 seconds, giving you the ability to quickly make underwriting decisions.
Additional features include:
- Report delivered in 30 seconds for quick underwriting decision
- Gap covered between report date and recordation
- Protection from fraud
- Simple claims process for reported errors or omissions resulting in lender loss
- Claim settlement within 30 days
- Available in all 50 States
- Includes filed tax liens
For more information, call us today at (866) 630-6400.
Many lenders are taking advantage of the speed and cost savings available with ONLINE's Property Plus Report for Refinances and Equity lines of credit.
The Property Plus Report provides the traditional E&O (PropertyReport) report which includes the current owner of the property; how the property was conveyed; open mortgages, liens, and judgments; tax information; and a complete legal description, and through an executed Property Plus Service Agreement, the lender transfers the underwriting risk to EPN Solutions, LLC., where it is backed with an enhanced Errors and Omissions policy.
Features of the Property Plus Report include:
- Speed and cost savings over traditional products
- Gap covered between report date and recordation
- Protection from fraud
- Life of loan and transferable
- Simple claims process for reported errors or omissions resulting in lender loss
- Claim settlement within 30 days
- Available in all 50 States
- Foreclosure not required if commercially uneconomical to foreclose
- Equity loans can be in any position including Firsts
- Includes filed tax liens
Interested? Request more information or call us today at (866) 630-6400.
EPN Solutions, LLC. maintains an enhanced Errors & Omissions policy that is “occurrence based” with no deductible and no aggregate limits from Markel Insurance Co.
An increasing number of lenders are using AVMs (Automated Valuation Models) to get unbiased subject property valuations. The AVM Plus report allows lenders to enjoy the speed and accuracy of an AVM and manage the risk. As you know, determining the collateral value of the subject property is a key component of the mortgage loan underwriting process. The accuracy of the valuation is essential for the lender to properly assess the collateral property pledged as security for the mortgage loan, and for determining the Loan-to-Value and Cumulative Loan-to-Value ratio. Inaccurate valuations can cause lenders to lose alarming amounts of investment money and time.
The Automated Valuation Model (AVM) is a technology-driven product developed to provide unbiased residential property valuations in a cost efficient and timely manner. The AVM Plus takes the speed and economy of the AVM a step further: it includes a warranty backed by an Errors & Omissions insurance policy that manages the lender's risk against possible valuation inaccuracies.
Features include:
- Specific to loan transactions secured by Firsts, Seconds, or Equity Liens
- Coverage period - Life of Loan
- No annual aggregate limit or deductible on coverage
- Eligible claims: 10% variance standard (Customized by lender)
- Maximum loan amount: $750,000
- Coverage transferable
- Claim process: Submit retro-appraisal
- Coverage transferable
- Claim process: Submit
Interested? Request more information or call us today at (866) 630-6400.
Appraisals
ONLINE Mortgage Reports offers a variety of qualified local and national appraisal vendors for your centralized loans. Featured appraisal vendors include:
- ACRAnet Lendserv
- Nationwide Appraisal
We also offer you the ability to add your favorite local vendor to our platform and automate your current appraisal process.
Underwriting
You can access a quality underwriting vendor to complete the loan process with ONLINE:
Fannie Mae:
- Desktop Underwriter (DU™)
- Desktop Originator (DO™)
Compliance
You can access a quality Compliance vendor to complete the loan process with ONLINE Mortgage Reports:
- USDS/PCi Wiz
Closing Services
ONLINE offers a variety of quality local and national closing vendors for your loan bundles.
Featured closing services vendors include:
- American Title
- National Real Estate Information Services
- Nationwide Closing Services
A variety of additional and local closing services vendors now available - ask us for information about service providers in your area!
Signing Services
You can access quality Signing Services vendors to help complete the loan process with ONLINE.
- DAC Signing Services
Document Preparation
You can access quality Doc Prep vendors to complete the loan process with ONLINE.
- Guardian
Additional vendors are in the process of being added to the ONLINE Mortgage Reports Platform.
Flood
ONLINE Mortgage Reports offers a variety of quality Flood vendors for your centralized loans. Featured vendors include:
- Federal Flood
- First American Flood
- First Lenders Data, Inc.
- Geologix
- LSI Flood Services (a Fidelity National Financial Company)
- Factual Data Flood
Testimonials
Exchange Advantage
ONLINE’s proprietary Exchange Advantage prevents customers from moving between service areas without paying you and your industry peers. This added layer of protection helps you prevent bad debt at the point of application by accurately assessing a deposit or making the correct leasing decision. And allows ONLINE to recover your bad debt on the back end by capturing and updating debtor contact information in real time.
The Exchange is designed to capture, track, and report industry specific payment history in real time from our members; this network was designed to eliminate your bad debt.
