Loan origination software is a platform for centrally managing and automating different stages of the loan servicing cycle, i.e., loan
application, document verification, and credit approval, with automated underwriting.
Mortgage Software Systems and why it is important for your career. A "Loan Origination System" (LOS) combines loan
origination software with electronic document management use with affiliated vendors, as well as underwriting and secondary marketing Automated Intelligence (AUS). It also allows access to
a network of over 200 vendors, closing documents, compliance services, and more that help makes processing and reporting easy and accurate.
To perform functions as a Loan Officer, Loan Processor, Underwriter, or other mortgage positions, you will have to understand the
basics of how the mortgage industry uses the systems to navigate a loan application from the interview to closing.