DSI has added another enhancement to DocMagic - the Plan Selection Filter.
This enhancement enables DocMagic users to search loan programs faster than
ever before. With competition in the mortgage industry heating up, lenders have
been forced to offer a greater number of loan program types to facilitate the
needs of an increasingly diverse customer base. With more loan programs to
choose from, selection of the correct loan program at document processing time
can become time consuming and error prone.
DocMagic's real-time filter instantly displays loan programs based on the
following user-selected criteria: Investor name, Loan Type, Interest Rate Type,
ARM Interest Adjustment and/or Interest-only designation.
Once you have chosen your filter criteria, you may view more detailed
information about the loan programs selected with your criteria, such as: Per
Diem Interest Days, 1st Interest Change Months, Interest Change Months, 1st
Pay Change Months, Pay Change Months, 1st Interest Cap, Interest Change
Cap, Life Cap and Interest Only Months.
You can also sort each plan column in alphabetical or numerical order with a
single mouse click on the applicable column header(s). For example, if you wish
to view your loan programs in alphabetical order by investor name, simply click
on the column header entitled "Investor." If you want to view all ARM loan
programs beginning with the shortest initial fixed-rate period, click on the
column entitled "1st Int Chg Mos."