Name: Loan Yap
Author: Loan Yap

Help Desk

Web and Video Conferencing

Customer Support

Agile Development

Image Recognition

Development

Alumni Management

Education

Business Intelligence (BI)

Collaboration

Contract Management

Enhanced 911 (E911)

Risk Management

Enterprise

Accounting

Invoicing

Finance and Accounting

Applicant Tracking

Corporate Learning Management

Employee Recognition

HR Management

Payroll

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Application Performance Management (APM)

Cloud Storage

Code Review

Data Integration

Data Lakehouse

Data Mapping

Data Masking

Data Privacy Management

Database Load Balancing

Database Performance Monitoring

Email Verification

Ethernet Switches

Fraud Detection

Governance, Risk & Compliance

Graph Database

IP Address Management (IPAM)

IT Asset Disposal

Integration Platform as a Service (iPaaS)

Low-Code Development

Managed IT Service

Network Performance Monitoring

Network Simulation

SQL Server Performance Monitoring

Tape Storage

Unified Endpoint Management (UEM)

Web Content Filtering

Wireless LAN

Information Technology

A/B Testing

AI Writing Assistant Software

Ad Serving & Retargeting

All-in-One Marketing

Blogging

Content Management

Customer Journey Analytics

Email Marketing

Marketing Automation

Native Advertising

Screen and Video Capture

Social Media Management

Survey & Forms Building

Web Analytics

Marketing

Project Management

Professional Services

Customer Relationship Management (CRM)

Predictive Sales Analytics

Sales Consulting

Sales

Animal Shelter

Chargeback Management

Clinical Data Management

Debt Collection

Laboratory Information Management

Legal Case Management

Real Estate

Travel Agency

Vertical-Specific

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Loan Yap is a digital mortgage platform offered by LoanYap Mortgage LLC. According to the vendor, the platform is designed to simplify the mortgage application and refinancing process for individuals looking to buy a home or refinance their existing mortgage. It is targeted at homebuyers, homeowners looking to refinance, mortgage professionals, real estate agents, and financial advisors. Loan Yap aims to provide customers with competitive rates, privacy, and control over their transactions through the use of technology.

## Key Features

According to the vendor, Loan Yap simplifies the mortgage application and refinancing process by leveraging technology and streamlining documentation requirements. Customers can complete the loan application by providing their credit score(s), income, and assets, which the vendor says empowers them with knowledge about their loan application.

The platform eliminates excessive paperwork, reducing the time required for the mortgage process. Loan Yap utilizes 3rd party verification services to ensure the safety of customers' identities, aiming to reduce the risk of identity theft.

Loan Yap offers three fixed loan options: 30-year fixed rate, 20-year fixed rate, and 15-year fixed rate. Customers can choose the loan option that best suits their needs and preferences. The platform provides a side-by-side comparison of the three loan options, allowing customers to make informed decisions.

According to the vendor, customers can obtain mortgage rates by completing as few as three fields on the Loan Yap platform. Income and asset data are available online, enabling faster processing of the loan application. The vendor claims that 3rd party reports are returned instantly, further reducing the time required for documentation.

Loan Yap

Loan Servicing Software automates the loan lifecycle from origination, credit decisioning, payment processing and collections, to accounting and reporting.

Loan Servicing

Loan Workflow

Tools used by loan origination and servicing and servicing agents to streamline their workflows.

Loan Document Management

This feature allows users to store, manage, and track all loan-related documents, ensuring compliance and efficient processing.

Loan Workflow Automation

This feature helps to automate various stages of the loan process, improving efficiency and reducing manual errors.

Loan Software Integrations

This feature allows lenders to access credit reports and scores from major credit bureaus, aiding in the credit assessment process, and integrate with CRM tools and third-party databases to manage borrower relationships.

Loan Reporting and Analytics

Allows users to generate various reports and analyze data related to loan origination and servicing, helping to make informed decisions.

Financial Reporting and Compliance

Financial statements and regulatory filings

Management Reporting

Tools facilitating creation of internal ad hoc or standard reports.

XBRL support for regulatory filing

Support for the XBRL standard reporting format for exchanging financial data.

Excel-based Reporting

Ad hoc or formatted reports using MS Excel.

Data Security

Tools and features that help keep data secure from unauthorized access or internal exposure.

At-Rest Data Encryption

Data at rest is encrypted, requiring decryption to read the underlying data.

In-Transit Data Encryption

Data is transmitted in an encrypted state, preventing interception of raw in-flight data.

In-Use Data Encryption

Data remains encrypted even when stored in non-persistent storage (RAM, CPU caches, and CPU registers). This prevents access to data through malware on an individual device.

Data Redaction

The product's capability to return redacted data in place of actual data when queried. For instance, a redacted query for the phone number 555-5555 could return ***-**55.

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Loan Servicing Software

Loan Yap

Overview

What is Loan Yap?