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SX3 News
Please check this page frequently for important news about our applications. We are continuously improving our products with features to make them more powerful and flexible. |
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04/07/09 - Home Affordable Mortgage guidelines Pre-Qualification now available in SX3 Loan Modification Software
SX3’s newest addition is a complete set of both, graphic and numeric parameters that make the Homeowner Pre-Qualification process much simpler.
Now from the Monthly Financial Statement module, users can enter the Customer’s financial information as usual obtaining visual alerts whether the homeowner meets or not the new Home Affordable Mortgage guidelines. These guidelines were established by the administration of President Barack Obama.
These new features show the calculations of Front-End and Back-End Homeowner’s DTIs and graphic representations of these DTIs compared to the Lender’s desired scenario. This module also includes a multiple scenario financial statement that allows the user to create actual and proposed situations with ease.
After 10 years developing software applications SX3 Software has position its applications ahead of the competition. SX3 Loan Modification Software is the most complete and user friendly loan modification software available today.
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03/30/09 - SX3 Loan mod software allows users to customize the loan modification pipeline increasing control and productivity in the loan modification process.
SX3 Loan modification software is a product offered by SX3 Software, an Arizona based company specialized in custom large scale software applications since 1999 for clients worldwide.
Now SX3 offers the opportunity to define your own process pipeline, allowing administrator users to control the cases with more detail. You can specify the different stages of every module in the loan modification or short sale process opening the door to a greater customization and control. Let’s take the following example:
- Under the Leads (Prospects) module you may specify the following as your process stages: o Lead - Just received. o Reviewed – Waiting for Docs. o Reviewed – Ready to be transferred to Negotiation. o Rejected – Pre-Approval failed (rejected by Lender). o Rejected – Pre-Approval failed (Incomplete documentation). - Under Cases-Negotiation you may want to specify the following stages: o Just transferred. o Case requires Forensic Audit. o Case requires more Documentation. o Case requires Attorney review o Closed: Approved o Closed: Rejected by the Lender o Change to Short Sale. - Under the cases Archive you can specify different statuses that can clearly identify the result of the process, for example: o Closed: Approved by Lender. o Closed: Rejected by Lender. o Closed: Short Sale.
The users can specify as many statuses per process as required. The specification of statuses allows the user to obtain reports and also to filter cases “on the screen”. For example, users may need to filter cases in need of Attorney Review; this can be easily done by selecting the filtering checkbox and selecting the status “Attorney Review” under the Cases Browse window.
This new feature is part of SX3 Software continuous efforts to improve its software products and provide its customers the highest level of flexibility and control over their business. SX3 is the only software product available today that can offers this high level of flexibility.
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03/29/09 - SX3 Loan Modification Software offers enhanced reporting capabilities!
SX3 Loan modification software is a product offered by SX3 Software, an Arizona based company specialized in custom large scale software applications since 1999 for clients worldwide.
One of the most important capabilities of any robust database application is its ability to generate reports in different formats and also to allow the users to specify different sets of parameters like dates, specific entities, types of transactions etc. SX3 Mortgage Modification Software has added a large number of new reports to its already complete extensive list.
Some of the reports included with the SX3 Loan Mod Software are:
SX3 is committed to offer the most complete software tool for the loan modification industry. Make sure you contact us today to schedule a live online demo!
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03/28/09 - Access to Cases from the Leads module!
SX3 Loan modification software is a software product offered by SX3 Loan Modification Software, an Arizona based company specialized in custom large scale software applications since 1999 for clients worldwide.
This Rated #1 loan modification program offers a modular approach to the loan modification or mortgage modification process. The main 3 modules of this tool are: - Leads (Prospects). - Cases (Negotiation Control). - Archive (closed Cases file).
One of the main features of SX3 Loan Modification Software is the ease of access to the information on the screen. With the latest release of SX3 V2.0 Sales Reps. can easily access their cases that have been transferred to the negotiation module, this ensure that the Sales Reps. can continuously provide support and updates to loan modification Customers (home owners) when they call for case status.
Sales Reps. can only “preview” the details of each case; they cannot make changes once the case has been transferred to the negotiation window, case updates are reserved to the Negotiators.
SX3 Loan Modification stands for data security. Supervisor users can easily specify which Sales Reps. can preview Cases after they have been transferred to the Cases module.
SX3 is the fastest and more feature rich loan modification program available today. Make sure you contact us today to schedule a live online demo!
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03/27/09 - SX3 Loan Mod Software is Federal Modification Guidelines ready!
SX3 Loan modification software is a software product offered by SX3 Software, an Arizona based company specialized in custom large scale software applications since 1999 for clients worldwide.
President Barak Obama’s modification guidelines also help Loan Modification Companies to prequalify home owners when doing a mortgage modification. These guidelines include a predefined set of Front-End and Back-End DTIs (Debt to Income ratios) that clearly set the parameters to prequalify customers.
Being the rated 1 Loan Modification Software, SX3 has already incorporated these guidelines into their modification program. Now you can easily specify from the open list of Lending Institutions (Banks) the Front-End and Back-End DTIs (per Lender).
This functionality combined with the Financial Statement module that allows the users to enter actual and proposed situations (multiple scenarios) can easily pre-qualify the customers with simple clicks.
Offering a first class service to your loan modification customers is now easier than ever. Using SX3 v2.0 you can play safe offering a better and more accurate service to your customers by following the federal guidelines.
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03/26/09 - SX3 Allows Home Owners to check the progress of their cases online!
SX3 Loan modification software is a software product offered by SX3 Software, an Arizona based company specialized in custom large scale software applications since 1999 for clients worldwide.
SX3 Software has released its optional plug in SX3 Web Component; this new application allows home owners to check the status and progress of their cases online.
With SX3 Web Component, loan modification Companies can now offer their loan mod customers (home owners) a way to go to loan mod company’s website and securely login to check the progress of their case. It is very simple and can be installed and setup in less than 5 minutes.
This web component is 100% compatible with SX3 Loan Modification Software, it only requires to setup a user name and password per customer and they will be able to log in. This new application can dramatically decrease the number of incoming calls for update which translates into savings.
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03/25/09 - SX3 Loan Modification Software offers increased security system
SX3 Loan Modification Software has increased the level of security to access the catalogs menu. Now Administrator’s can easily grant/deny access to the catalogs menu “per user” with a simple click. Being a large database application, this new SX3’s feature increases the security of the entire system, which is especially required when the database it is being accessed by remote users.
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11/27/08 - SX3 offers multiple websites for home comp prices with flexible website specification.
Part of our philosophy is that a software tool “must be as flexible as powerful”. We have just released a new feature that allows SX3 loan modification software users to obtain, from up to three different websites, comp prices of the property subject of the loan modification.
This new feature also allows the users to specify the three websites of their preference, enabling the use of macros for easy linking between SX3 and any given website. Now you can obtain comps from different sources, the website of your preference!
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11/26/08 - Financial statement with multiple scenarios.
Being able to create the financial statement of your Loan Modification Customers in you SX3 program is good; being able to "play" with three different financial scenarios is even BETTER!
Now you can specify up to three financial scenarios for the same case and play with the numbers. Once the case is complete, you can send the complete package to the bank selecting the scenario with more chances of qualification for a loan modification. This module also includes the debt to income (DTI) ratios for each scenario.
This is just one of the many reasons why you should implement SX3 Loan Modification Software, a unique software tool backed by 10 years of experience and a clean and unique user's interface that will streamline your entire loan modification process
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