Financial Link® mortgage - MINNESOTA

Financial Link® Mortgage is a complete mortgage origination system designed to follow the natural flow of a mortgage loan from origination, pre-qualification and disclosure, to verification, submission and closing. This unique software solution combines the compliance standard of FIPCO forms with a sophisticated mortgage origination solution. Financial Link® Mortgage produces secondary market forms, other state and Federal programs. FIPCO's Financial Link® suite of products includes a compliance warranty. The warranty generally provides that all documents product by the software comply with all federal and state laws and regulations in effect when the document is produced.

Financial Link® Mortgage includes standard Freddie Mac and Fannie Mae forms for Minnesota and recording documents for several surrounding states, as well as Wisconsin conventional, federal and state government loan programs. This unique software solution is customized to meet a variety of loan program variables and state-specific requirements for State VA programs and USDA Rural Development. It also provides Fannie Mae and Freddie Mac documentation.

Financial Link® Mortgage users can be confident that the forms utilized within the software are the most current version, as FIPCO® provides ongoing software updates that keep forms and software in compliance. Updates are easily obtained via CD-Rom or through the FIPCO web site www.fipco.com. To receive a full listing of all available forms, please contact your FIPCO Account Executive.

Additional state modules can be added to your institution's Financial Link® Mortgage software solution. In addition to the separate state modules offered, various filing documents applicable for institutions conducting transactions across bordering states can also be incorporated.

Key Features:

Compliance with federal and state regulations
Application processing system handles all Freddie Mac, Fannie Mae, USDA/Rural Development, State VA, and in-house real estate, with Federal VA and FHA soon to be added.
Standard loan calculations including escrow and PMI
Ability to generate Bar Code fonts on printed documents, click here for additional details
Electronic signature functionality , click here to view a demo
Many host system and 3rd party vendor interfaces available, click here for additional details
Security using passwords and access rights may be added and changed by a system administrator
Toll-free FIPCO software support
Easy to Learn, Easy to Use
Hardware specifications available upon request

Accuracy & Compliance
Financial Link® Mortgage has been reviewed by FIPCO Legal Counsel for accuracy and compliance with both state and federal regulations. No other mortgage origination software can make this claim. To ensure that Financial Link® Mortgage stays in compliance, FIPCO provides Financial Link® Mortgage users with scheduled software updates, as well as interim updates that address immediate compliance issues and regulatory changes as necessary.

Financial Link® Mortgage software produces static forms. This turnkey software product requires no program-ming by your financial institution staff, and promotes accuracy and compliance within your institution. Based upon the information input by the user, the system will create a checklist of documents that are necessary to complete the loan transaction. Furthermore, it will also indicate what is required for full compliance by providing reminders for the tasks that must be completed to comply with specific state and federal regulations.

Financial Link® Mortgage provides mortgage origination for not only secondary market fixed and adjustable rate mortgages, State VA and USDA rural Development as well. Because most of the forms generated look and read like the hard copy forms, loan documents are easily checked for accuracy by loan department staff and examiners. In addition to calculations customarily completed for interest only, construction only, fully amortized, construction/permanent and balloons , other functions feature the capability to calculate private mortgage insurance (PMI) and escrows according to requirements for loans.

Configuration Versatility
Financial Link® Mortgage runs on the most widely used personal computers, and operates on a stand-alone PC, a Local Area Network (LAN), or a Wide Area Network (WAN) to allow access by multiple workstations, as well as remote configurations. To receive a current listing of specific hardware requirements, contact FIPCO.

The Convenience & Familiarity of Windows®
Financial Link® software solutions allow you to process loans in minutes, with convenient, easy-to-use Windows screens. The point-and-click approach in a Windows environment provides quick and efficient navigation, with the performance, stability and security you demand.

Promotes Efficiency & Saves Money
Customer Information is entered into the Financial Link® Mortgage system only once, flowing from application to closing, thus greatly reducing document preparation time and the potential for data entry errors. Because your loan officers will spend less time on administrative tasks, they will have more time to focus on building customer relationships and selling other services.

Documents are printed quickly and accurately using your laser printer and blank paper, eliminating the expense of maintaining a forms inventory. Remote printing is virtually effortless. Whether utilizing a network or stand alone configuration, the user has the ability to process at a central location and print remotely at various branch locations. The software can also be used with laptop computers, enabling your loan officers to take mortgage applications in the field, providing greater service and convenience to customers.

Financial Link® Mortgage can interface to a variety of in-house host systems, to quickly download customer information and upload or "book" loans to the host system. In addition, data may also be exported to Census Traks Plus software to provide users with HMDA and geo-coding information as well as CRA reports. Financial Link® Mortgage also interfaces seamlessly with other FIPCO products such as Factual Data and OFAC Systems. Please consult with your FIPCO account executive regarding interface availability.

Unsurpassed Service
FIPCO offers service when you need it. The FIPCO staff is comprised of experienced professionals who understand financial institutions and the Financial Link® Mortgage program. The toll free (800) software support line and extended weekend support services ensure that your questions are answered promptly by specialized and experienced software and technical staff.

Financial Link® Mortgage is a Windows-based mortgage origination and documentation software program. Developed specifically for Windows 2000 and Windows XP, Financial Link®'s software provides an established, reliable software solution for handling your customers efficiently and enables system adminstrators to easily maintain the software in various nvironments.Compliance questions are also addressed quickly by the FIPCO legal department.

Software training is located at FIPCO's state-of-the art facility in Madison, Wisconsin. Onsite training is available on request. Additional continuing education opportunities are also provided during FIPCO software users' conferences held annually. Additionally, Financial Link® Mortgage customers continuously receive up-to-date information pertaining to the software as well as the financial industry in general through publications like FIPCO's quarterly newsletter Financial Newslink and monthly e-newsletter, InfoLink.

The FIPCO Software Users' Committee represents the needs of FIPCO software users throughout the state, and plays a very significant role in the decisions that are made pertaining to the products and services that FIPCO markets and supports. The committee act as an information liaison between software users and the FIPCO staff. Based upon user input, the committee provides suggestions for software modifications and enhancements, and assists in planning FIPCO's annual Software Users' Conferences.

For more information or to schedule an in-bank demonstration, please contact FIPCO’s Customer Serivce at 800-722-3498, or fipcosales@fipco.com.

Financial Link® Customer Testimonials