Establishing the EDI Link with Origination Software

An Electronic Data Interchange (EDI) link can be established between borrower information in CERTAIN loan origination systems OR other systems capable of exporting in an ASCII format file. Your servicing program has the ability to import approximately 90% of the fields necessary to automatically setup a new account by performing an Electronic Data Interchange (EDI) link with your origination program (Note: servicing programs have certain needed fields that are not usually contained in an origination program; thus, the 90% figure mentioned).  Listed below are the fields that are available via the EDI Link from the origination programs listed below.

               Address/Collateral

               Borrower

               Co-borrower

               Appraisal

               Loan Type

               Payment Period

               Interest Basis

               Original Balance

               Current Balance

               Interest Rate

               Term

               Balloon Due

               Balloon Amount

               Loan Closing Date

After you have exported the borrower's account (if so required) please refer to the following section for more details on the loan input process:Enter a New Loan Via EDI Link

The following nationally prominent loan origination systems have EDI capability with your loan servicing system.

Point by Calyx (Point)

Encompass by Ellie Mae

TQS by Byte

Dynatek

We certainly appreciate these companies establishing and providing means to export your borrower information to your loan servicing system.  Approximately 90% of the fields in the New Loan Setup function will be automatically filled in.  Naturally, there are fields in all servicing programs that are not traditionally in origination programs. 

Should you have another loan origination program AND it has the ability to export borrower field information in an ASCII/Text format AND in a certain order, please refer to our HELP topic: FILE FORMAT - Standard Import for additional information.

If you would like us to contact your  loan origination software company to provide similar EDI links, please contact the Help Desk (1-800-326-4112)

Lastly, should you wish to setup MULTIPLE loans at the same time, please refer to the topic:Transferring Loans From an Existing Servicing System .  Yes, procedures in this topic CAN be used if your origination software can export information in an ASCII/Text format AND you can provide the additional 20% of information needed by the program to setup a loan. Again, please call  the Help Desk if you or your computer department has any questions.