Sierra Pacific Mortgage is committed to innovating and creating the best possible experience for its origination team and the customers that it serves. The company’s proprietary loan origination system, ExpressLoan, is the staple of its Create What’s Next company value, where Sierra Pacific Mortgage is continually enhancing and improving the efficiencies of obtaining a home loan. With a full array of customizable and intuitive technology, this full-service system allows loan officers, processors and third-party originators alike complete control over the origination and operational process from start to finish without any dependencies on another LOS provider.
ExpressLoan automates the upfront loan processes, including initial disclosures, credit ordering, automated validation and dual automated underwriting systems. The customer has control of the upfront loan processes with self-serve options for ordering income and asset validation, as well as initial loan disclosures. With its best-in-class document generation partnership, originators can produce disclosures within 15 seconds. The proprietary system has embedded process flows with integrated partners and keeps the customer engaged with milestone feedback and real-time loan statuses.
The technology solutions heavily utilize REST services to integrate to all API vendors. Sierra Pacific Mortgage is using its own Windows services to have stable processes through the loan functions (AUS, Credit) and make sure services are up and running all the time. What makes Sierra Pacific’s database invaluable is its ability to handle diverse types of data with unparalleled flexibility. From structured to semi-structured and unstructured data, it accommodates everything seamlessly. This versatility allows its team to store and organize data in ways that mirror real-world complexities, facilitating deeper insights and more accurate analytics.