Mortgage Loan Origination Software – 10 Functions of Mortgage Banking

Regardless of a mortgage lending organizations’ size, mortgage loan software, data security solutions and automation tools and services should be able to assist with mortgage loan automation requirements. In today’s chaotic mortgage lending environment origination and document security systems need to be easily configured to emphasize a company’s special needs and increase efficiencies across all aspects of the loan origination process, allowing lenders to increase quality and productivity.

Technology-driven automation is the key to succeeding in the increasingly complex, deeply scrutinized mortgage industry. Web-based (Software-as-a-Service), Enterprise mortgage software that supports the ten primary functions in mortgage banking will provide lenders with the necessary competitive advantages to succeed in today’s mortgage industry.

Ten Primary Functions in Mortgage Banking

  1. Mortgage Web site design, implementation, and hosting to provide product, service, loan status, and company information to mortgage customers and business partners
  2. Online loan applications for gathering information from borrowers and business partners that issue loan terms, disclosures, and underwriting conditions
  3. Loan origination software for managing loan data, borrower data, property data, general status reporting, and calculations
  4. Interface systems to send and receive data from real estate service providers, such as credit reports, flood determinations, automated underwriting, fraud detection, and closing documents
  5. Internal automated underwriting system that is simple enough for originators and sophisticated enough for underwriting portfolio loan products
  6. Document generation for applications, upfront disclosures, business processes, and closing documents
  7. Integrated imaging that is used from loan origination to investor delivery and for file archiving
  8. Interest rate and fee generation along with program qualification guidelines
  9. Secondary marketing data tools to track loan revenue and investor relationships, including warehouse line management and interim servicing to complete the back-office system
  10. Reporting such as loan delivery, year-end fee reporting, and HMDA reporting for loan application disposition

Web-Based, enterprise mortgage software that supports the ten primary functions of mortgage banking simplifies compliance, maximizes operational efficiencies, and increases profitability.

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Define Computer Hardware

It is quite well known that the working of the computer is dropped by hardware and software. One can define computer hardware as the electronic, magnetic, and electric devices that carry out the computing functions. Hardware is the physical components of the computer like microprocessor, hard disks, RAM, and motherboard. The peripheral devices such as monitor, mouse, keyboard, printer, and speakers can also be included in the list of hardware parts. The programs that run on the computers like Windows, C ++, and Photoshop are the software parts of the computer. A good example for an easy understanding of hardware-software definition is music CDs. The actual compact disk is the hardware, while the songs and music in the CD are the software parts.

There is another way to define computer hardware. Hardware devices are the executors of the commands provided by software applications. For example, let us see what happens when you click the print button of the web browsing software. The software application provides a command to the processor, which is the central part of all computer hardware. Processor in turn checks for an attached printer. If the printer is ready, the software will get a positive response from the processor. Then the software application provides instruction to the printer via the processor to print the web page. In that sense, hardware parts are the foot soldiers and software applications are the commanders in the digital operation that takes place within a computer.

The main player of computer hardware is unduly the microprocessor. It is the sun in the solar system of computer hardware devices. It is the central component and all other components work around it. It is an integrated chip on which a number of functions are incorporated. Two specifications determine its efficiency. One is its processing speed, which is measured in gigahertz. The other is its bit rate. Commonly available processors are 32 bit and 64 bit. The bit rate is a measure of the efficiency of a processor to carry out multiple operations at the same time.

One can not define computer hardware without mentioning the two types of memory used in computers. One is permanent memory. It refers to the magnetic storage capacity of hard disk. It is measured in gigabytes. The second is RAM or random access memory. This memory is able to store data only when the computer is switched on. The memory will lose all the data when the computer is switched off.

Another important product that one should mention when one defines computer hardware is motherboard. It is the electric and electronic circuit board on which all the other components are inserted. There are several other kinds of products such as sound card, video card, network card, and modem that complete the hardware spectrum.

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Learn How to Fix “Runtime Error 53 File Not Found” Easily

Computer errors generally plague us a lot. They have to be removed immediately before they can cause any further problems. One such error is the run time error 53. It shows the message “runtime error 53 file not found”.

In this error, problem occurs when a software program that is installed on the PC shows this error because it is trying to reach a DLL file that has been removed from the windows registry. This registry contains all the files that are used by Windows for executing any kind of commands by human users. This DLL file might have never been installed on the computer itself.

To fix runtime error 53 from your system, some simple steps have to be followed. Such steps include clicking on the start menu and then landing at the control panel. After you reached the control panel, open the programs and features icon. Open up all the programs stored in the computer through it. Uninstall the program, which produced the run time error 53 message. A window will also open up telling the user that the program has been removed from the system.

To make sure that the DLL file is stored again on the computer, one has to remove the program and then put it back. The program can be reintroduced into the system through a hard disk or a CD. Instructions will appear on the screen as this program gets installed. After clicking on the install it now option, the user will see the option of terms and conditions on the screen. Click on the “I agree” choice to continue with the installation. The operating systems that generally display this error are Windows XP, Windows Vista and Windows 7.

Run the program to ensure that runtime error 53 is not displayed again. If the error is still being produced, then contact the company, which supplied you with the software.

It is also intelligent on your part if you find out about the compatibility of your software with the operating system of your computer or other software. You can find out about this compatibility through an online research. The website of the software developer can also yield you such details. Tell the software developer about the intricacies of your system to get an adequate response from him about the runtime error 53.

However, the last and most easy solution to fix “runtime error 53 file not found” error is using windows registry cleaner software. Registry cleaner software can always eradicate any registry errors produced by wrong entries, which cause a runtime error 53. It can delete all the useless entries in the registry that are causing such an error. Using such software can ensure that you get an error-free system.

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Advantages to Android Game Development

The industry of mobile game development has introduced a very important aspect to the market – the ability to conceptualize, develop, and release video games on devices with far more success and ease than ever before. And with the Android app marketplace only requiring a one-time fee for submitting an application, the cost becomes almost negligible to put the product out for millions of customers to find. Even the submission process is drastically shorter than on most other smartphones, as the app regulation is far more lenient for the Android OS.

Another drawing point for developing games on Android devices is the programming language featured- Java. Java has long been one of the most popular programming languages ​​for video game developers, and that makes it extremely easy for the average programmer to pick up Android development for the first time. Compared to most other mobile platforms, which usually sport modified or newly invented languages, the learning curve is decreed to nearly nothing, so a new developer can complete a game in a fraction of the time.

Another unique aspect to Android game development is the lack of standardization in the droid phone family. As the Android OS is not licensed to a single mobile phone making company, the phones themselves can vary to an extreme degree in terms of features and hardware specifications. While one device may have a fully functional A-GPS and HDMI video compatibility, another may have a QWERTY keyboard and no GPS at all. While this is certainly appealing to some developers, as they are likely to find a phone that will meet their hardware needs reasonably, it will also restrict the potential audience, as some phones will not be able to support the more complex applications.

When the game development process has finally reached the point where it can be released to the public, the developer is presented with yet another choice- which market would the game be most visible in? Unlike the iOS, there are numerous marketplaces and app stores for Android phones, each one with it's own advantages and disadvantages. From the basic Android marketplace, built to only display the apps compatible with the phone currently being used, to the Amazon app store, which offers a different free app every day, the myriad of marketing strategies can be almost daunting, which makes it all the More useful that an application can almost always be entered into multiple marketplaces without issue. However, whenever it makes sense to spread attention across several different fields is another question entirely.

The Android game development process overall really gives the most variety on the smartphone market. From start to finish, strategies can be hand-tailored to the developer's desires, making the game as close to the original concept as currently possible. While the audience may not be as large as that of iPhone users, the Android presents itself as a strong contender, purely through its accessibility. And with the largest variety of smartphones on the current market, the possibilities for development are inexhaustible, and continued releases can only add to the capabilities the platform has to offer.

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Examples Of Spyware And What They Are

Spyware is a general term used to describe software that performs certain behaviors such as advertising, collecting personal information, or changing the configuration of your computer, generally without appropriately obtaining your consent first.

Spyware is often associated with software that displays advertisements (called adware) or software that tracks personal or sensitive information.

That does not mean all software that provides ads or tracks your online activities is bad. For example, you might sign up for a free music service, but you “pay” for the service by agreeing to receive targeted ads. If you understand the terms and agree to them, you may have decided that it is a fair tradeoff. You might also agree to let the company track your online activities to determine which ads to show you.

Other kinds of Spyware make changes to your computer that can be annoying and can cause your computer slow down or crash.

These programs can change your Web browsers home page or search page, or add additional components to your browser you don’t need or want. These programs also make it very difficult for you to change your settings back to the way you originally had them.

The key in all cases is whether or not you (or someone who uses your computer) understand what the software will do and have agreed to install the software on your computer.

There are a number of ways Spyware or other unwanted software can get on your computer. A common trick is to covertly install the software during the installation of other software you want such as a music or video file sharing program.

Any software that covertly gathers user information through the user’s Internet connection without his or her knowledge, usually for advertising purposes. Spyware applications are typically bundled as a hidden component of freeware or shareware programs that can be downloaded from the Internet; however, it should be noted that the majority of shareware and freeware applications do not come with SpyWare. Once installed, the Spyware monitors user activity on the Internet and transmits that information in the background to someone else. Spyware can also gather information about e-mail addresses and even passwords and credit card numbers

Aside from the questions of ethics and privacy, SpyWare steals from the user by using the computer’s memory resources and also by eating bandwidth as it sends information back to the spy ware’s home base via the user’s Internet connection. Because SpyWare is using memory and system resources, the applications running in the background can lead to system crashes or general system instability.

Because SpyWare exists as independent executable programs, they have the ability to monitor keystrokes, scan files on the hard drive, snoop other applications, such as chat programs or word processors, install other SpyWare programs, read cookies, change the default home page on the Web browser, consistently relaying this information back to the SpyWare author who will either use it for advertising/marketing purposes or sell the information to another party.

Licensing agreements that accompany software downloads sometimes warn the user that a SpyWare program will be installed along with the requested software, but the licensing agreements may not always be read completely because the notice of a SpyWare installation is often couched in obtuse, hard-to-read legal disclaimers.

Examples of SpyWare

These common SpyWare programs illustrate the diversity of behaviors found in these attacks. Note that as with computer viruses, researchers give names to SpyWare programs which may not be used by their creators. Programs may be grouped into “families” based not on shared program code, but on common behaviors, or by “following the money” of apparent financial or business connections. For instance, a number of the SpyWare programs distributed by Claria are collectively known as “Gator”. Likewise, programs which are frequently installed together may be described as parts of the same SpyWare package, even if they function separately.

o CoolWebSearch, a group of programs, takes advantage of Internet Explorer vulnerabilities. The package directs traffic to advertisements on Web sites including coolwebsearch.com. It displays pop-up ads, rewrites search engine results, and alters the infected computer’s hosts file to direct DNS lookups to these sites.

o Internet Optimizer, also known as DyFuCa, redirects Internet Explorer error pages to advertising. When users follow a broken link or enter an erroneous URL, they see a page of advertisements. However, because password-protected Web sites (HTTP Basic authentication) use the same mechanism as HTTP errors, Internet Optimizer makes it impossible for the user to access password-protected sites.

o Zango (formerly 180 Solutions) transmits detailed information to advertisers about the Web sites which users visit. It also alters HTTP requests for affiliate advertisements linked from a Web site, so that the advertisements make unearned profit for the 180 Solutions Company. It opens pop-up ads that cover over the Web sites of competing companies.

o HuntBar, aka WinTools or Adware,WebSearch was installed by an ActiveX drive-by download at affiliate Web sites, or by advertisements displayed by other SpyWare programs-an example of how SpyWare can install more SpyWare. These programs add toolbars to IE, track aggregate browsing behavior, redirect affiliate references, and display advertisements.

oZlob Trojan or just Zlob, Downloads itself to your computer via ActiveX codec and reports information back to Control Server. Some information can be as your search history, the Websites you visited, and even Key Strokes.

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The 4 Elements That Makes Up A Personal Computer System

There are 4 elements that make up a personal computer system: the user, software, hardware and the electricity all working together for the whole system. Each of these elements is essential to the system itself.

The user is the person's who perform the task using the computer system. The nature of the task depends upon the application program or software that is needed to perform the task. The software that the user used requires certain hardware components to function properly.

The hardwares of the personal computer system are made up of its equipment that are usually connected (the computer, monitor, printer and so on). It is defined as hardwares because you can physically touch these components. The programs are called softwares since their function can only be used when the computer is turn ON. Software is a set of coded instructions that the computer uses in order to carry out the user's tasks.

The user can only use the computer when it is turned ON. Without any electrical power to run through the personal computer system, it will not function. The ability of the personal computer system to control its components is through a series of on / off signals.

Here is how it works, when a user tries to type a document or a letter using his / her personal computer. The first thing the user do is to turn ON the power for the computer. Choosing a Word Processor software in order to write the document. The user uses the hardware such as the keyboard to write the content of the document; The typed document is then displayed onto the monitor screen. After the user finished writing his / her document. The user will use the software to instruct the printer to print the document. The software works together with the hardware components (the keyboard, monitor and printer) to accomplish the task that the user requested.

All of the four elements: the electrical power, hardware, software and the user work together to make up a personal computer system.

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What Is The Difference Between ERP And Enterprise System?

Enterprise system and Enterprise Resource Planning System terms are similar but there is difference between an enterprise system and an ERP system. An ES or enterprise system is a large scale system which includes packages like ERP and CRM. ERP is a subset of Enterprise System or it can be said that ES is a superset of ERP. It contains a variety of solutions. ES contains applications and packaged solutions which can be directly used in an enterprise. On the other hand ERP system is the automation of the business processes and the solutions are in the form of modules which are designed according to the client’s requirements.

The functions are customized according to the client’s business environment. Enterprise system does not include architecture of other solutions whereas an ERP implementation automates systems using technical aspects. ERP system includes architectures and databases and is client server architecture. The system is server based therefore the consultant needs to be aware of the technical aspect too.

Another difference between an ES and an ERP system is that the ERP is aimed at improving the functionalities of the organization whereas the ES helps to improve the overall maintenance and accuracy. It provides for better solutions and aids in decision making. ES is difficult to implement compared to Enterprise resource planning and even the timeframe needed for implementation maybe more. The overall impact is high but so are the risks involved. If the ES is not implemented in the right manner, it can cause business failure and if implemented properly it can increase the efficiency and profits of the business organization. It is normally required when there is a big drawback in the current procedures and methodologies in the organization and need to be corrected. The company going in for enterprise system needs to be careful while choosing the software and the vendors due to the risk of failure involved.

The difference between an enterprise system and an ERP system is that ERP is mostly used for medium scale companies to big companies and ES is restricted to the big companies. There are many complex functions involved in big companies which cannot be provided solutions for alone by ERP. The role of ERP is restricted when compared to enterprise system because it does not include customer relationship or vendor management.

These applications are needed when the business process is complex and on a big scale. Therefore bigger organizations need to go with ES instead of enterprise resource planning alone. ERP is also an important system to streamline the internal processes but it does not provide for taking care of the external processes. Enterprise system takes care of the end to end business process of organization since it involves other applications also like SCM and CRM. There is quite a lot of difference between an enterprise system and an ERP and it depends on the company whether it wants to go with an ES to streamline the entire process starting from supplying, production and customer or whether he wants to go with an ERP system to streamline the internal process.

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What is the Purpose of ERP Software?

Enterprise Resource Planning (ERP) software can be described as a complete business software solution. It is aimed at the integration of all business processes and sub-processes into a single unified system. This system is formulated and implemented in an organization to effectively and efficiently achieve the business goals of the organization.

ERP packages are implemented to manage the existing and prospective business plans and policies in an efficient manner under strict deadlines. It can be referred to as the ultimate business solution package that is predominantly concerned with making sure that the available resources of the organization are utilized in the best possible manner and coordinated with the business objectives of the organization.

It is crucial that modern day business organizations have a single unified system, which aims at harmonizing its business efforts. This can prove to be a crucial determinant in deciding the scope, area and net results of the organization as a whole, rather than running many different systems that don’t work well together. What makes ERP different from any other business solution package is the presence of a single and unified database system.

ERP software is as essential to the needs of a business today as food is for living. Businesses cannot run competitively in the absence of properly drafted and formulated ERP software. The more effective implementation and follow-up, the better are the results. ERP software is needed by all modern-day organizations, irrespective of the size, area of operations and business objectives.

Nowadays there are many ERP packages available in the global market, including SAP, PeopleSoft, Oracle, J D Edwards, and BAAN.

The selection of an ERP software package is dependent on many factors: previous software implementation, nature and size of operations, recommendations of consultants, and management decisions.

Before installing specialized software, a detailed study must be made and reviewed to match the business requirements with the available packages. This must be taken as a serious study as any mistake in selection or its effective implementation can prove disastrous to the organizational objectives and prospects. The ERP software must be installed by an ERP vendor or third-party consulting organization, which are expert service providers when it comes to providing Consulting, customization and support.

Some of the benefits of ERP Software:

* All processes and sub-processes are linked and unified into a single system.

* There are enhancements in the field of productivity, efficiency and achievement of business objectives.

* ERP tends to considerably reduce the response time by effectively transferring crucial information.

* ERP helps in streamlining the numerous functions performed by the organization as a whole.

* It helps the management to make vital decisions with unparalleled accuracy and in-depth study.

Thus, ERP software can effectively change the outlook of any business organization that exists in today’s cutthroat business world. Proper implementation of the ERP software is the key factor, which can benefit the growth prospects of any organization.

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What Is The Difference Between ERP And Enterprise System?

Enterprise system and Enterprise Resource Planning System terms are similar but there is difference between an enterprise system and an ERP system. An ES or enterprise system is a large scale system which includes packages like ERP and CRM. ERP is a subset of Enterprise System or it can be said that ES is a superset of ERP. It contains a variety of solutions. ES contains applications and packaged solutions which can be directly used in an enterprise. On the other hand ERP system is the automation of the business processes and the solutions are in the form of modules which are designed according to the client’s requirements.

The functions are customized according to the client’s business environment. Enterprise system does not include architecture of other solutions whereas an ERP implementation automates systems using technical aspects. ERP system includes architectures and databases and is client server architecture. The system is server based therefore the consultant needs to be aware of the technical aspect too.

Another difference between an ES and an ERP system is that the ERP is aimed at improving the functionalities of the organization whereas the ES helps to improve the overall maintenance and accuracy. It provides for better solutions and aids in decision making. ES is difficult to implement compared to Enterprise resource planning and even the timeframe needed for implementation maybe more. The overall impact is high but so are the risks involved. If the ES is not implemented in the right manner, it can cause business failure and if implemented properly it can increase the efficiency and profits of the business organization. It is normally required when there is a big drawback in the current procedures and methodologies in the organization and need to be corrected. The company going in for enterprise system needs to be careful while choosing the software and the vendors due to the risk of failure involved.

The difference between an enterprise system and an ERP system is that ERP is mostly used for medium scale companies to big companies and ES is restricted to the big companies. There are many complex functions involved in big companies which cannot be provided solutions for alone by ERP. The role of ERP is restricted when compared to enterprise system because it does not include customer relationship or vendor management.

These applications are needed when the business process is complex and on a big scale. Therefore bigger organizations need to go with ES instead of enterprise resource planning alone. ERP is also an important system to streamline the internal processes but it does not provide for taking care of the external processes. Enterprise system takes care of the end to end business process of organization since it involves other applications also like SCM and CRM. There is quite a lot of difference between an enterprise system and an ERP and it depends on the company whether it wants to go with an ES to streamline the entire process starting from supplying, production and customer or whether he wants to go with an ERP system to streamline the internal process.

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Advantages and Disadvantages of Professional Shopping Cart Software

Advantages & Disadvantages of professional shopping cart software As e-Commerce is becoming a regular technique in the business industry it appears that more and more software development firms are developing professional shopping cart software to be released in the market. There is currently a huge range of free shopping cart software that has been released, and it seems that most e-Commerce website owners prefer these free systems over paid for professional shopping cart software. In this article we are going to look at the advantages and disadvantages of professional shopping cart software.

Advantages

• Even though you will have to pay for the solution, you get a cart package that has been fully developed, tested and used in the real working world by other e-Commerce websites. If the solution is used by a popular website service then the chances are it has been under more than enough testing to be deemed ready for use.

• Professional shopping cart software will be supported by the people who developed it. A lot of free solutions out there are simply developed and then discontinued as the freelance developers move onto their next project. Support is essential if you are going to want upgrades as mentioned in our next point.

• As the system is supported, the development team are likely to fix any bugs that may occur and provide patches and security fixes. This means the shopping cart software will only get better as time goes on and furthermore improve your e-Commerce website.

• Your site is likely to be more secure when using a professional software solution as in most cases the it developed house private content management systems. This improves security as public content management systems such as WordPress are constantly under threat from hackers as they try to compromise the free source code.

• Another huge advantage of using professionally developed software in e-Commerce is that they will already support a huge range of different payment options for your customers. There are various carts – that only offer PayPal for payment by standard, and it can take a very long time to find plug-ins or figure out how to add other methods yourself. With professional software you can save time and possibly money as it is all included.

Disadvantages

• Your e-Commerce venture might be a small time project and professional cart does cost money which you may not have. In this case you may have to make do with a free shopping cart solution. The good part of conducting business online is that after you have made profit with the free system you can reinvest your money to buy a professional package.

• You trust the developers to do everything they promise to ensure the best experience. It might be slightly difficult to use at first and you might have to spend some time getting used to the bespoke system. You also have to understand that you are vulnerable until patches are made if a security flaw is found.

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