Mortgage Loan Origination Software – 10 Functions of Mortgage Banking

Regardless of a mortgage lending organizations’ size, mortgage loan software, data security solutions and automation tools and services should be able to assist with mortgage loan automation requirements. In today’s chaotic mortgage lending environment origination and document security systems need to be easily configured to emphasize a company’s special needs and increase efficiencies across all aspects of the loan origination process, allowing lenders to increase quality and productivity.

Technology-driven automation is the key to succeeding in the increasingly complex, deeply scrutinized mortgage industry. Web-based (Software-as-a-Service), Enterprise mortgage software that supports the ten primary functions in mortgage banking will provide lenders with the necessary competitive advantages to succeed in today’s mortgage industry.

Ten Primary Functions in Mortgage Banking

  1. Mortgage Web site design, implementation, and hosting to provide product, service, loan status, and company information to mortgage customers and business partners
  2. Online loan applications for gathering information from borrowers and business partners that issue loan terms, disclosures, and underwriting conditions
  3. Loan origination software for managing loan data, borrower data, property data, general status reporting, and calculations
  4. Interface systems to send and receive data from real estate service providers, such as credit reports, flood determinations, automated underwriting, fraud detection, and closing documents
  5. Internal automated underwriting system that is simple enough for originators and sophisticated enough for underwriting portfolio loan products
  6. Document generation for applications, upfront disclosures, business processes, and closing documents
  7. Integrated imaging that is used from loan origination to investor delivery and for file archiving
  8. Interest rate and fee generation along with program qualification guidelines
  9. Secondary marketing data tools to track loan revenue and investor relationships, including warehouse line management and interim servicing to complete the back-office system
  10. Reporting such as loan delivery, year-end fee reporting, and HMDA reporting for loan application disposition

Web-Based, enterprise mortgage software that supports the ten primary functions of mortgage banking simplifies compliance, maximizes operational efficiencies, and increases profitability.

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The Importance Of Excel In The Workplace

Excel is perhaps the most important computer software program used in the workplace today. That’s why so many workers and prospective employees are required to learn Excel in order to enter or remain in the workplace.

From the viewpoint of the employer, particularly those in the field of information systems, the use of Excel as an end-user computing tool is essential. Not only are many business professionals using Excel to perform everyday functional tasks in the workplace, an increasing number of employers rely on Excel for decision support.

In general, Excel dominates the spreadsheet product industry with a market share estimated at 90 percent. Excel 2007 has the capacity for spreadsheets of up to a million rows by 16,000 columns, enabling the user to import and work with massive amounts of data and achieve faster calculation performance than ever before.

Outside the workplace, Excel is in broad use for everyday problem solving.

Let’s say you have a home office. You can use Excel to calculate sales tax on a purchase, calculate the cost of a trip by car, create a temperature converter, calculate the price of pizza per square inch and do analysis of inputted data. You can track your debt, income and assets, determine your debt to income ratio, calculate your net worth, and use this information to prepare for the process of applying for a mortgage on a new house. The personal uses for Excel are almost as endless as the business uses for this software – and an Excel tutorial delves into the practical uses of the program for personal and business use.

The use of spreadsheets on computers is not new. Spreadsheets, in electronic form, have been in existence since before the introduction of the personal computer. Forerunners to Excel and Lotus 1-2-3 were packages such as VisiCalc, developed and modeled on the accountant’s financial ledger. Since 1987, spreadsheet programs have been impacting the business world. Along the way, computerized spreadsheets have become a pervasive and increasingly effective tool for comparative data analysis throughout the world.

Today, end users employ Excel to create and modify spreadsheets as well as to author web pages with links and complex formatting specifications. They create macros and scripts. While some of these programs are small, one-shot calculations, many are much more critical and affect significant financial decisions and business transactions.

Widely used by businesses, service agencies, volunteer groups, private sector organizations, scientists, students, educators, trainers, researchers, journalists, accountants and others, Microsoft Excel has become a staple of end users and business professionals.

The beauty of Excel is that it can be used as a receiver of workplace or business data, or as a calculator, a decision support tool, a data converter or even a display spreadsheet for information interpretation. Excel can create a chart or graph, operate in conjunction with Mail Merge functions, import data from the Internet, create a concept map and sequentially rank information by importance.

Excel offers new data analysis and visualization tools that assist in analyzing information, spotting trends and accessing information more easily than in the past. Using conditional formatting with rich data display schemes, you can evaluate and illustrate important trends and highlight exceptions with colored gradients, data bars and icons.

Indeed, Excel can be customized to perform such a wide variety of functions that many businesses can’t operate without it. Excel training has become mandatory in many workplaces; in fact, computer software training is a must for any workplace trying to keep up with the times.

Let’s say you’re an employer with 97 workers, 17 of whom called in sick today, and you want to know the percentage represented by absentees. Excel can do that. You can learn Excel and use it to determine the ratio of male to female employees, the percentage of minorities on the payroll, and the ranking of each worker by compensation package amount, including the percentages of that package according to pay and benefits. You can use Excel to keep track of production by department, information that may assist you in future development plans. You can create additional spreadsheets to track data on vendors and customers while maintaining an ongoing inventory of product stock.

Let’s say you want to know your business production versus cost. You don’t have to be a math wiz – you just have to learn Excel. Excel allows you to input all of the data, analyze it, sort it according to your customized format, and display the results with color, shading, backgrounds, icons and other gimmicks that offer time-saving assistance in later locating precisely the information desired. If this spreadsheet is for presentation purposes, Excel helps you put it together in such a visually appealing way that the data may seem to pop and sparkle.

The single most important thing an employer may do is learn Excel – it is one of the most essential tools of the workplace.

Excel and Microsoft are trademarks of Microsoft Corporation, registered in the U.S. and other countries. Lotus is a registered trademark of International Business Machines Corporation in the U.S. and/or other countries.

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The Importance of Educational Software in Educational Institutes

Internet has expanded its dimensions like anything. The incredible expansion of the web world along with its easy and affordability of integrated technology have come together to create a new learning methodology of Educational Software. Nowadays, the task of carrying out educational projects and disseminating education is not at all futuristic or alien. This have not only become an important part of the educational setup but also of the business world. The facility to link with the internet in a reasonably priced and competent manner was the basic reason for this tremendous growth of this. Nowadays, education software available in comprehensive package forms for colleges, schools, Universities and even home use.

With time, educational institutions have become more diverse and therefore they cannot risk being simple temples of education. There are vast varieties of activities in educational institutes like admissions, curriculum management, library management, placements, hostel management, finance management and a number of other requirements. It is in view of these burgeoning requirements of schools and higher educational institutions that Educational Software have become popular nowadays. This software can address all the requirements of an educational institute starting from student curriculum management to school bus tracking system to Biometric Attendance System to Student Information System to Library Automation Systems.

Education Software is nowadays constituents of a school’s identity as they are capable of delivering all the associated tasks. Present day software even provides the facility and access to parents to keep a bird’s view of their kid’s progress in the classroom. The Student Information System enables parents to monitor the curriculum of their children and receive feedbacks from the teachers. Intelligent Library Management System allows easy access to library records.

Another aspect of education software is their Bus Tracking System that ensures the safety of students. It is a path breaking integration into this software. Nowadays, they have become quite affordable integrating advanced GPS applications into the software. They are effective tools for the school management as well as the parents, who want to know whether their students or kids are safe while travelling from school to home and vice versa.

The curriculum management component of this is capable giving an interactive learning experience to students. Nowadays, most of the education software is capable of developing to the next level as and when students grow in their knowledge. Online tests and evaluations have become important tools used by such software in order to test the level of students. It can even take the form of a game in order to stimulate the mind of children giving them real demonstrations of subject matter. Educational Software can now be found for students of all ages and for all subjects.

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Texas Two Step Strategy – Everything You Need to Know

The Texas Two Step lottery is a great example of a game that is both strategic and fun. The state lottery is an excellent arena for you to shell out your extra dollars while learning about alternative lotto mechanics. In the state of Texas, the Texas Two Step is considered to be the most popular form of lottery. The game beings when an individual is asked to pick four number from and in between 1 to 35. Like most lotto types, this also has a bonus ball number, which can increase your chances of winning. The grand price for this unique game does not go below two hundred thousand dollars so long as you make five matches. If you are also quite hesitant to pick your own number, the quick pick system also applies to the Texas Two Step lottery. A multi-draw feature also allows you to bet for ten advance drawings at once by simply making a distinguishable mark in the designated ticket boxes. Single plays cost only US$1 each and can reflect winnings up to a hundred thousand dollars.

Most lottery systems base on luck as foundation for winning. Unfortunately, even with the convenience of quick picks and other strategies, chances of winning are still small. One effective way to increase the chances of gaining back positive results from your chosen number is by adhering to the Wheeling Systems. Generally, wheeling systems do not guarantee an automatic win after placing your number picks in the Texas Two Step. However, the mechanism gives you more chances of bringing home multiple tier prizes as opposed to you simply randomly selecting the number, or relying on quick picks. The odds of winning the Texas Two Step prize are statistically ranging from 1 to 32. The overall ratio of victory can be quite unsatisfactory if played with mere dependence on luck. Although you can win $5 for simply matching the bonus ball number, naturally, anyone would still want to vie for the grand prize.

There are also a handful of lotto software that provide good combination numbers for players. Most people confirm the effectiveness of most online programs in tracking the best numeral combinations for lottery. You may program these to suit your needs and according to the type of lottery that you participate in. For Texas Two Step, it is much easier to use a software to calculate possible combinations as it has lesser selections or numbers compared to most lotto games.

For serious lotto players, individuals simply log onto the website and place their bets randomly. Sites also offer a few tips and strategies on how to best employ their gaming techniques. You may be able to view advices on when is the best time to place your bets and how to purchase your tickets quickly. Other websites also present lottery news, which is also an effective way to keep track of your bets. Bear in mind that in order for a player to achieve positive results while playing lotto, the correct strategy and technique must put in place so as to lead you to triumph and victory.

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Introduction to Silk Test Architecture

Normal use of an application consists of a person manipulating a keyboard and mouse to initiate application operations. The person is said to be interacting with the GUI (Graphical User Interface). During Silk Test testing, Silk Test interacts with the GUI to submit operations to the application automatically.

Thus Silk Test can simulate the actions of a person who is exercising all the capabilities of an application and verifying the results of each operation. The simulated user (Silk test) is said to be driving the application. The application under test reacts to the simulated user exactly as it would react to a human rest. Silk Test consists of two distinct software components that execute in separate processes:

The Silk Test host software

The 4Test Agent software

Silk Test host software

The Silk Test host software is the program you use to develop, edit, compile, run and debug your 4Test scripts and test plans. This manual refers to the system that runs this program as the host machine or the Silk Test machine.

The Agent

The 4Test Agent is the software process that translates the commands in your 4Test scripts into GUI-specific commands. In order words, it is the Agent that actually drives and monitors the application you are testing. One Agent can run locally on the host machine. In a networked environment, any number of Agents can run on remote machines. This manual refers to the systems that run remote Agents as target machines. This manual refers to the systems that run remote Agents as target machines. In a client/server environment, Silk Test drives the client application by means of an Agent process running on each application’s machine. The application then drives the server just as it always does. Silk Test is also capable of driving the GUI belonging to a server or of directly driving a server database by running scripts that submit SQL statements to the database. These methods o directly manipulating the server application are intended to support testing in which the client application drives the server.

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How to Repair DBF Files by Using DBF Recovery Software

As a computer user you must have heard about a DBF file or some of you have used it. DBF is a database file format used by various database software programs, such as: Visual FoxPro, Clipper, dbFast, CodeBase, MultiBase, dbXL, Arago and similar database programs. A database file is a collection of data organized in a tabular form. A DBF file can be easily opened, edited and saved by any of these database programs therefore, this file format is very popular among computer users.

The most common use of a database file is to store a large amount of data and information. The file is widely used in almost every sector, such as: corporate and educational sectors to store the data and information. It has become an essential file format for an individual and an organization.

Where this file format is very useful for users on the other hand, it may create some serious problems as well. Sometimes a DBF file may become inaccessible or invalid due to corruption. DBF is not immune to corruption; in fact, this file format is prone to corruption due to its large size and complex file structure. It might be easily corrupted due to various reasons, such as: virus attacks, malfunction in database application, hard disk drive failure, software collision, unexpected cancellation of DBF, human errors and many more. These are some common reasons which can play an important role in database file corruption.

While opening a corrupt DBF file you may receive some error messages something like these:

  • “File .dbf does not exist”.
  • “The fields in table did not match the entries in the database”.
  • “Access to table disabled due to previous error”.
  • “Database file appears corrupt: Page is of wrong type.
  • “Corrupt table”/ “index header”.
  • “Filename .dbf has become corrupted”.

These are some common errors which frequently take place at the time of corruption. For example: you are working on your DBF file, everything is fine. But all of a sudden your database application (Visual FoxPro or other) starts hanging. You have no other option other than restarting the system. But when you restart your system and open the same DBF file, in which you were working earlier, it does not open or you get an error message saying the file is corrupted or damaged. This must be very frustrating situation for any user since all the hard work will go into the vain. All the data and information stored in the file might be lost forever. You have to re-create the file, which might not be possible in some cases.

In such critical state a BKF file will definitely help you. If you have backed up the database file (which is now corrupted), then you can easily restore it from the BKF file. But sometimes the BKF file may not be available or corrupted or invalid. In this situation you can use third-party DBF recovery software. This is one of the most efficient and effective solutions to fix corrupt DBF files. The DBF recovery software is designed to repair an extremely corrupted DBF file and to restore maximum data from it. It is highly capable to resolve or fix all the errors from corrupted DBF files. The software supports all popular database applications, such as: dBase III, dBase IV, dBase V, Visual FoxPro, Clipper, dBFast, CodeBase, MultiBase, dBXL and Arago. The best feature of the software is its self-describing user interface. It requires no technical knowledge or skills to use this software. Any tech savvy and a novice user can easily and comfortably use this software to repair corrupted DBF files. The DBF Recovery software is available with free demo version. Users can download the demo version before buying the full software. This helps users to examine the features and performance.

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8 Criteria to Choose the Best Antivirus Program For Your Needs

There is no best antivirus program in general. You can make the best choice of your antivirus software depending on your goals, your needs and your environment. In order to choose your best antivirus software you should look at vendor information, independent antivirus certifying agencies reviews, as well as other sources. Here are the essential criteria for the right choice.

1. Compatibility
Antivirus program has to be compatible with your PC configuration. Your PC must meet hardware and software requirements of antivirus solution.

2. Range of Protection
Antivirus software should protect your PC from as many threats and on as many viruses as it can: viruses, worms, trojans, spyware, keyloggers, adware, rootkits, password stealers, phishing attacks, spam and others.

3. Effectiveness
Antivirus protection delivery by antivirus program should be effective and efficient. You may find and compare test results released by independent antivirus certifying agencies: Virus Bulletin, AV Comparatives, ISCA Labs, Westcoast Labs and others. If some antivirus solution was scored by these agencies high and consistently near the top, then you really can not go wrong with this top rated antivirus software.

4. Easy Installation
Good antivirus program has a prompt and easy installation. Interface should be clean, easy, and intuitive to use.

5. Easy to Use
Most users want to "install and forget" their antivirus software. So the best antivirus solution should have default configurations acceptable for most users. And at the same time good antivirus program can be easily configured and tweaked by advanced users.

6. Features
The best antivirus programs have the large features set that may include:
– list of compatible versions of Operational systems and platforms,
– amount of used system resources,
– using of proactive protection without false positives and with effective utilizing of system resources,
– availability of laptop battery saving mode,
– bootable rescue disk,
– silent gamer mode, and other available options.

A comprehensive features set adds strength to antivirus solution.

7. Update
The best security solutions have Automatic Update option and automatically perform updates every hour or "as needed updates" to keep virus definitions and program code up to date.

8. Support
The best security programs have a comprehensive online and offline technical support. The program vendor should provide online knowledge base, FAQs, tutorials, user forums. The best sellers provide 24/7 support so you can ask your questions by phone, email or chat at any moment.

The best for your needs antivirus program delivers you the best security and usability with a minimal outlay of your time, money, or your PC system resources.

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Why Computer Hardware Is Important

In this day and age, it is hard to deny the influence of technology in our lives. We live in an era where pretty much is automated and computerized. And amidst all the technological advancement that humankind has achieved, one important device has been created that will only sure to become more relevant to our lives as technology progresses, the computer. No one can deny that computers are now an essential part of our lives, the same way a cell phone and television does. It is safe to say that in this day and age, having no computer would be an inconvenience. Which is why it is important that we know the way our computer works so that we would be aware of the things that we should do in case it stops working. The hardware of the computer is considered to be the most important because without it, it will simply not work.

Simply put if you know how to handle the hardware of a computer and know each of their function for the unit, then you can easily determine what the problem is in case the unit stops functioning. In order to be familiar with basic computer troubleshooting, then you also need to be familiar with computer hardware. A good example of this is the memory of the computer (RAM). All programs and applications that are ran in a computer needs memory. Without RAM it simply will not function. Aside from that, even if you have a RAM but it does have the specifications to keep up with the programs that are being run, then the operation would have slowed down to a crawl. So when it comes to computer hardware, you have to make sure that it is not obsolete, so you need to upgrade depending on what sort of program that you are usually using.

When handling computer hardware, you have to keep in mind some safety measures so you can manipulate the unit safely. Before opening any computer cases, you have to make sure that the unit is unplugged or you might risk electrocution or shocks. While checking your hardware components, always check for damaged parts because that is most likely the one that is causing problems. When inserting components and parts, you have to remember that if it does not fit, then most likely you are inserting it on the wrong slot. If it does not fit, then do not force it or you will risk breaking the component. Before touching any parts inside the unit, make sure that you discharge yourself first by through a grounded metal object or you can use an anti-static wrist strap or mat which is sold in stores for cheap.

By knowing and analyzing every computer hardware part you will know about its importance and if it ever breaks down then you can perform the proper troubleshooting steps. Every hardware component is important for the computer's operation. The performance of your computer largely depends on how good your hardware is, so be sure that they are always in good working condition.

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How Car Mechanics Use Technology

Do you know why it’s important to find a good mechanic or a good repair shop to repair your car? The reason: it could save you hundreds of dollars in parts and labor! When we say a “good mechanic” or a “good repair shop”, we’re referring to mechanics who are equipped with the latest technology. You don’t want to entrust your car to a shop with outdated machinery and equipment because it will take longer to arrive at a diagnosis. And the longer a mechanic takes to make a diagnosis, the larger your bill for labor!

Remember that car mechanics charge by the hour.

Car repairs can cover any one or a combination of the following (note that this is not a complete repair list).

• Air conditioning checks

• Air bag checks

• Electrical wiring

• Cables

• Clutch service and repair

• Transmission repair

• Wheel Alignment

• Suspension

• Brakes

• Heating system

• Oil and lubrication

• Battery

• Power windows

Much of the troubleshooting that mechanics use to diagnose a problem is facilitated by car repair technology.

Ever noticed how some lights on your panel come on when something’s wrong? In most cases, an experienced mechanic will know immediately what the problem is, but there are instances where it will take sophisticated technology to lead to an accurate diagnosis.

Sophisticated technology comes in many forms and one popular one is troubleshooting software. Companies like Auto Tech have a software program that car owners can use to find out what is ailing their vehicle.

Most car owners who were cynical about software programs before should seriously consider purchasing a reliable car troubleshooting software program. For instance, some programs start out by asking you to input your car make and model number, the year of the car and what kinds of equipment it has. The software features a large database of information about all cars in the market and a car owner simply follows the steps when prompted. It employs what the industry calls a “tree diagnosis” where logical steps take you through the entire diagnosis process.

After you’ve keyed in your car’s profile, you use the drop down menu to choose the symptoms that your car is exhibiting. For instance, if you choose “squealing brakes”, the program mimics the squealing of brakes and if that’s the sound you hear, you confirm it and the program recommends a series of steps.

You may not really want to use a troubleshooting software, but imagine how much time and money you could save if you spoke to the mechanic intelligently, letting him know that you’re in the know.

Students who are studying towards certification buy certain tools of the trade. A couple of examples are Snap On and Mac Tools. These two are the most popular in the United States and Canada.

Mechanics now have a wide range of technology tools to help them understand car problems better: digital multimeters (electronic measuring), boroscopes (testing heat exchangers), fuel diagnostic testers (testing and balancing fuel injectors) and other such new technologies.

New car mechanic technologies help shorten the learning curve and speed up diagnosis so that the car owner isn’t saddled with too many labor hours.

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Advantages and Disadvantages of Professional Shopping Cart Software

Advantages & Disadvantages of professional shopping cart software As e-Commerce is becoming a regular technique in the business industry it appears that more and more software development firms are developing professional shopping cart software to be released in the market. There is currently a huge range of free shopping cart software that has been released, and it seems that most e-Commerce website owners prefer these free systems over paid for professional shopping cart software. In this article we are going to look at the advantages and disadvantages of professional shopping cart software.

Advantages

• Even though you will have to pay for the solution, you get a cart package that has been fully developed, tested and used in the real working world by other e-Commerce websites. If the solution is used by a popular website service then the chances are it has been under more than enough testing to be deemed ready for use.

• Professional shopping cart software will be supported by the people who developed it. A lot of free solutions out there are simply developed and then discontinued as the freelance developers move onto their next project. Support is essential if you are going to want upgrades as mentioned in our next point.

• As the system is supported, the development team are likely to fix any bugs that may occur and provide patches and security fixes. This means the shopping cart software will only get better as time goes on and furthermore improve your e-Commerce website.

• Your site is likely to be more secure when using a professional software solution as in most cases the it developed house private content management systems. This improves security as public content management systems such as WordPress are constantly under threat from hackers as they try to compromise the free source code.

• Another huge advantage of using professionally developed software in e-Commerce is that they will already support a huge range of different payment options for your customers. There are various carts – that only offer PayPal for payment by standard, and it can take a very long time to find plug-ins or figure out how to add other methods yourself. With professional software you can save time and possibly money as it is all included.

Disadvantages

• Your e-Commerce venture might be a small time project and professional cart does cost money which you may not have. In this case you may have to make do with a free shopping cart solution. The good part of conducting business online is that after you have made profit with the free system you can reinvest your money to buy a professional package.

• You trust the developers to do everything they promise to ensure the best experience. It might be slightly difficult to use at first and you might have to spend some time getting used to the bespoke system. You also have to understand that you are vulnerable until patches are made if a security flaw is found.

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