New Version of Loan Officer Plus Released

Tuttle & Co., a risk management and software provider based in Mill Valley, Calif., has released a new version of its Loan Officer Plus, a point-of-sale origination softwareprogram for both prime and subprime single-family residential loans.Loan Officer Plus can connect to credit reporting agencies and automated underwriting systems, and is also available on compact disc. The software is a management system and a pre-underwriting system for a loan officer, and can be used to collect and send information to the loan processor electronically, eliminating double entry. The new features in version 4.2 include the guidelines for Fannie Mae and Freddie Mac 97% LTV loans. The program can also help banks fulfill Community Reinvestment Act requirements by allowing them to target lenders by borrower income or geographic location.