Cogent Road, San Diego, has launched a new tool designed to facilitate electronic communication between lenders and borrowers. Cogent said its new application, Roohmz Mortgage Enterprise, is an Internet-based workflow management system that manages the progression of loan applications from origination to closing, enforces compliance and provides a communication platform for all parties involved in the lending process. Through RME each loan file is digitized and rules are applied to its path to closing in order to guarantee that each compliance prerequisite is met before the program moves the loan to the next status. Once the status is attained, RME delivers the loan file to the next employee in the workflow, the company said.
Processing Content
