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Loan Origination Software (LOS) Software

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Select Loan Origination Software Successfully

LOS Selection RFP & Evaluation Templates - 2,627+ Criteria   (Add-to-Cart Button)

The fastest & most reliable way to identify user needs, determine software requirements, prepare an RFP, evaluate system proposals, and select LOS Software.

Loan Origination System RFP

This easily customized Loan Origination Software RFP Master template enables all compliance issues for the Uniform Loan Delivery Dataset (ULDD) (Phase 3), and CFPB. This LOS software RFP enables you to quickly prepare an RFP that truly reflects the needs of a specific broker, bank, credit union or loan company.

View LOS System RFP Samples
Dedicated to select LOS software, this Request for Proposal template includes 2,627 LOS system features that are fully customizable and address all industry standard and many "exception case" system requirements. Choose a LOS system reliable!
(View 2,627 criteria )

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LOS System
RFP Sample

free example Loan Origination Software system RFP template

Complete Loan Origination Selection RFP

This LOS RFP Template & Software Selection Toolkit includes EVERYTHING needed to quickly prepare and process an RFP, then accurately select the best RFP reply, all listed below. Each can use thousands of selection criteria to make selecting software easier through identifying requirements, distribute a meaningful RFP, evaluate vendor proposals, and accurately select LOS software:


LOS Software Selection Criteria

All Loan Origination (LOS) system requirements are reviewed and updated on a monthly basis. Very easy to customize, these templates are pre-loaded with over 2,627 LOS requirements criteria about:

  • AI Tools
  • Automated Underwriting
  • Digital Mortgages
  • RFP CFPB Compliance
  • Dodd-Frank Compliance
  • ULDD Compliance
  • HMDA
  • Ability to Repay
  • Qualified Mortgages
  • Remittance Transfer Rule
  • Inquiry Management
  • Account Management
  • Loan Origination
  • Affordability Analysis
  • Document Management
  • Customer Service
  • Prequalification
  • Loan Profitability
  • Status Letters
  • Application Processing
  • Workflow Processing
  • Customer Relations
  • Full Audit Trail
  • Regulatory Compliance
  • and Many Others!
  • to Save Weeks, even Months, of Time When Selecting LOS Software.

    ALL TEMPLATES INCLUDED! Quickly select the best Loan Origination (LOS) software system by using these quantitative LOS software requirements and software selection templates, all included in this Toolkit!

    Tools for Selecting LOS Software

    EVERYTHING NEEDED TO CHOOSE LOS SOFTWARE INCLUDED! This Loan Origination (LOS) System RFP Template, and it's matching Vendor Response Comparison and Evaluation Toolkit, include all the following for making LOS platform selection easier and more accurate:

    Actual screens and questions from this RFP template are shown below to illustrate how it enables you to easily collect the unique metrics needed to successfully identify, select, acquire, and implement the Loan Origination (LOS) software solution best suited to your organization's needs.

    These Toolkits include the following to Help Select LOS Software Successfully:  

      In-Depth RFP Functionality - This RFP Template INCLUDES ALL the following capabilities to Obtain Meaningful Responses that are Easily Compared and Evaluated! Scroll Down to View All:

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    EASILY SELECT THE BEST SOFTWARE using over 2,627 state-of-the-art Loan Origination Loan Origination features criteria!
    SAVE WEEKS, even MONTHS OF TIME with industry-leading criteria that ensure nothing is overlooked!

    Quickly and accurately create a unbiased Loan Origination enterprise resource planning RFP that best communicates your specific requirements to vendors! Easily identify your exact needs, then simply delete those that are not needed!  This Excel-based template is universally understood, comes with online Help, and is highly customizable.  In addition, a detailed Feature to Cost Traceability function helps assure a smoother system implementation and maximum ROI.

    All RFP questions are in quantitative format for accurately choosing the best LOS software system.
    View the state-of-the-art and extensive LOS selection criteria categories in the Loan Origination (LOS) System RFP Table of Contents.

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    IDENTIFY FEATURE AVAILABILITY & DELIVERABILITY. Unlike other Loan Origination (LOS) software RFPs, Infotivity RFP Masters template automatically collect the information needed to identify BOTH the AVAILABILITY of software features, and their DELIVERABILITY, i.e., HOW those features will be delivered. Each Loan Origination RFP Master includes a Feature Support Matrix (FSM) to automatically capture this information, which can be used to create very accurate and reliable loan origination software system implementation schedules. View samples here.
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    DETERMINE RISK and SUPPORTABILITY. Loan Origination Software RFP Masters automatically evaluate vendor response data collected to quantitatively determine the SUPPORTABILITY INDEX of each proposed software system. This index ranks the potential support problems inherent in each proposal. Accurately compare the amount of ongoing support needed to keep each proposed LOS software system up and running. Measure the true impact of each system on your business over the long term.  View sample here.
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    ENHANCEMENT COST TRACKING - This RFP template feature provides a facility for cross-referencing the cost of specific custom programming and/or scripting tasks with vendor invoices. This enables the RFP to become a very useful implementation cost management/audit tool. Ideal for Earned Value Management (EVM).
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    CUSTOMIZABLE WEIGHTED GRADE SCORING - (automatically calculate suitability to unique company needs!)

    Highly flexible weighted grade score based on user-defined weights down to the detail row and response level is calculated for each RFP question criteria. This user-defined, customizable weighting allows vendor RFP responses to be evaluated based on your company's specific needs priorities. Calculate weighted scores by department, by workflow process, by application, or by activity to calculate a score that reflect the true value and impact of a proposed LOS software system.

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        WORKFLOW TOPICS ensure the proposed LOS software for management can be fully integrated and utilized to enhance business procedures at all levels of the enterprise. View Workflow samples here.
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        VENDOR RESPONSE VALIDATION saves time and effort, and reduces errors, when evaluating vendor Loan Origination (LOS) software proposals. View example here.
    For a more detailed description of a vendor RFP response validation Click Here!
        EASILY CUSTOMIZED to meet your unique LOS system needs, using basic Excel techniques.
    PROVEN MS EXCEL TECHNOLOGY. Everybody already knows Excel. Save time & effort across the board!
        No installation, no learning curve.
      All Vendor Response Evaluation & Comparison tools listed below are INCLUDED with this Loan Origination (LOS) software RFP. EASILY Evaluate Proposed Software Based on Suitability, Quality, Supportability, and Financial Impact.
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    "APPLES-to-APPLES" FEATURE COMPARISON of vendor RFP responses (proposals) is assured by extensive use of quantitative RFP questions and full vendor response validation. Compare proposed LOS system software features side-by-side faster and more accurately with the fully automated Color Comparison Chart matrix included with this RFP at no extra charge. View a typical comparison here.
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        "Loan Origination Response Evaluation Ratios (scores) indicate how a vendor is planning to provide the proposed solution, e.g. the pros and cons of a vendor proposal from a practical "is it doable?" perspective. See HOW a vendor is planning to address each of your requirements, and just how reliable it really is.. View a typical evaluation ratios here.
      Enjoy FAST Vendor Response (Proposal) Analysis with Detailed Comparison Scorecards!
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    RESPONSE QUALITY ANALYSIS RATIOS - SIDE-BY-SIDE COMPARISON - (Compare proposal feasibility side-by-side!)

    Compare the "doability", i.e., the feasibility, of vendor proposals compared to each other in detail. See HOW each vendor is planning to provide the solution to your needs, and if that solution is really viable.

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    "In-Depth Financial Analysis Ratios provide valuable insight into how proposed software will impact your organization immediately and over the long term. View and compare side-by-side key financial ratios such as Payback Period, Present Value (PV), Net Present Value (NPV), Internal Rate of Return (IRR), and others. View financial analysis ratios here.
      All Vendor Proposed Systems Can Be Quickly Evaluated & Compared! Scroll Down to See How to EASILY Evaluate & Compare LOS Software Platforms Based on Weighted Score Suitability, Quality, Supportability, and Financial Impact.
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    is a quantitative measure of how well a proposed Loan Origination (LOS) system matches up to your business priorities. This graph compares the overall total scores for each proposed LOS system. This Score is based on all Loan Origination (LOS) vendor responses except Pricing and Vendor Background. View sample 3-D Bar Chart comparison here.

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        Feature Delivery Methods This graph compares HOW each Loan Origination (LOS) vendor is planning to deliver the proposed LOS system. The bars show how much of each competing system is going to be delivered Fully Supported "out-of-the-box", how much will be delivered using the Report Writer, a Configuration option or 3rd Party product, and how much is dependant on Custom Programming & Scripting. The scores used in this Loan Origination (LOS) comparison are based on responses to LOS system questions only, i.e., no vendor, pricing, or support responses are utilized. View sample 3-D Bar Chart comparison here.
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        Supportability Index A proposed LOS system could look very good on paper, but once implementation begins the reality could be very different. The ease with which a enterprise resource planning system can be implemented and maintained over it's expected life is controlled in large part by the amount of custom programming and scripting required to build & maintain the system. The Supportability Index is based on responses to Loan Origination (LOS) software system features only. This graph compares the potential support effort inherent in each proposed Loan Origination (LOS) software system. View sample 3-D Bar Chart comparison here.
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        Overall Comparison This graph compares the total Weighted Score of each proposed Loan Origination (LOS) system along with its Supportability Index and associated Vendor Profile. Use this when assessing the RISK of a proposed Loan Origination (LOS) system and whether or not the LOS system can indeed be implemented by the proposing enterprise resource planning vendor successfully. View sample 3-D Bar Chart comparison here.
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        Vendor Profile Scores This graph compares a score measuring the background, expertise, capabilities, and other data collected in the Vendor Global Issues section of the LOS RFP for Loan Origination (LOS). The Vendor Profile Score provides a way of assessing the Capabilities PROFILE of a proposing Loan Origination (LOS) vendor. View sample 3-D Bar Chart comparison here.


      The Supporting Documents below are INCLUDED with this Loan Origination Software RFP:

    COVER LETTER SAMPLES - Make the task easier with this Loan Origination (LOS) RFP cover letter template collection. Choose from Letter samples designed for all events, such as "RFP Response Request", "Intent to Respond", "No Intent to Respond", "RFP Change Enclosed", "Proposal Rejection" "Finalist Selection", and " Best & Final Offer Request" to meet your unique Loan Origination (LOS) system needs.
    FULL VERSION of the RISK ASSESSMENT MATRIX CHECKLIST focused on LOS system acquisition and implementation projects for working sample "Click Here"
    BPR / BPE / WORKFLOW Processing Checklists - Excel-based template for mapping the current "AS-IS" state of an existing enterprise resource planning business process down to the data element level, a time-saving organizer when developing the new "TO-BE" state, or when trying to determine what is required to implement a new process, or when preparing for data conversion.
    The OPTIMIZED RFP GUIDE. Designed to be viewed in a browser off-line, this document outlines the best procedures for creating custom LOS RFP questions for LOS. Included or Sold Separately
    The FOOD PROCESSING LOS SOFTWARE CUTOVER CHECKLIST Helps Streamlines Implementation! Included or Sold Separately
    MS Word DOCUMENTATION describing the organization and usage of the Loan Origination (LOS) RFP and Evaluation/Comparison matrices.

          (See bottom of this page for pricing information.)


          A Detailed & Comprehensive List of:

    Loan Origination System Features

    Thousand plus of pre-defined Loan Origination (LOS) RFP criteria ensure no important business requirements or software features "slip through the cracks".  All are in a quantitative format that guarantees vendor responses will be meaningful, consistent, and easy to compare. All questions are professionally prepared by application specialists to address BOTH the STANDARD features and EXCEPTION CASE software functions required.

    Loan Origination resource planning table of content

          Utilize an Extensive List of:

    Loan Origination (LOS) Software Fit/GAP Analysis

    Precisely identify, collect, & prioritize all LOS functional and process deficiencies between the software system currently in use and client/company current or projected needs. Easily document the severity, category, and requirements type of missing functionality using GAP analysis, and then calculates a score, for each GAP. The GAP process creates a prioritized, detailed list of LOS software requirements useful in all later phases of the Loan Origination (LOS) software evaluation/selection process, i.e., in RFP creation, Software Demonstrations, Price (BAFO) negotiation, and software system implementation. View details at Fit/GAP Analysis Details.


          Identify BOTH LOS Software Features Availability and Deliverability

    Unlike other RFP templates that try (and fail) to gather useful solutions data about complex Loan Origination (LOS) system features, RFP Masters are not constrained to the use of summary-level "Yes" or "No" answers. This RFP Master uses a Feature Support Matrix (FSM) that identify BOTH feature AVAILABILITY and DELIVERY Method. This LOS RFP Master function is useful during both the enterprise resource planning software selection AND the system implementation phases of large projects because it enables effective Earned Value Management through detailed cross-referencing of usable LOS software functionality and vendor invoicing.

    Production control sample questions


          Determine the Risk & Supportability of Proposed

    LOS Software Solutions

    Unlike other RFP templates, an time and management software RFP Master template can illustrate potential support problems (and risk) inherent in vendor software proposals. The Feature Support Matrix (FSM) used in each RFP Master categorizes the inherent risk posed for each criteria, and uses that information to calculate the SUPPORTABILITY INDEX for each vendor RFP response. For example, a feature delivered "out of the box" FULLY SUPPORTED is less risky than one delivered through custom programming, even if the programming is free. This RFP Master function is useful during both the software selection AND the implementation phases of a large LOS system because it enables effective Earned Value Management through detailed cross-referencing of usable software functionality and vendor invoicing.

    RFP sample of questions taken from the LOS quality, assurance and control section


          Effectively Manage Implementation

    Enhancement Cost Tracker

    This LOS RFP template provides an "Enhancement Cost" column for cross-referencing vendor invoices with the estimated cost of each custom custom script and/or source code modification proposed by the vendor. This makes the Loan Origination (LOS) RFP an ideal tool for managing vendor invoices effectively. The uses of this are many: preventing payments to vendors from exceeding usable system progress, preventing vendor over-billing, and prevents proposed tasks from being omitted, and as an implementation audit tool.


          Workflow Topics Included.

    The ability of the proposed LOS software to successfully integrate with existing business process workflows, or implement new workflows, is critical to a achieving the high productivity increases and ROI expected of the new LOS system. This software RFP Master examines all pertinent Workflow features in detail.

    typical workflow criteria questions for LOS


          Vendor Response Input Validation.

    Vendors must answer each RFP question by choosing from a pre-defined list of possible responses. See below for an example of this drop-down list. This forces all vendors to respond to each Loan Origination (LOS) software question in a consistent, standard manner. Eliminates the days of time typically wasted trying to compare the inconsistent or incomplete vendor responses obtained by using traditional, non-quantitative RFP questions! Ensures vendor proposals are easy to compare and evaluate!

    electronic data interchange sample questions from the LOS  RFP Master template


          Color-Coded, "Apples-to-Apples" Comparison of Proposed Systems

    Loan Origination Software (LOS) Comparison

    These comparison matrices automatically change vendor response cell background color to GREEN, YELLOW, or RED, to reflect how favorable each response is to your needs! Compared to the tedious task of reviewing hundreds of mono-color Yes/No answers, these colored responses allow problem areas to be spotted more easily, and risk assessment is made much more accurate. All required response comparison matrices are included and ready-to-use! Quickly and easily compare Loan Origination (LOS) software system proposals side-by-side, feature by feature, in detailed comparisons you control! Keep your project on-schedule and under-budget.

    sample of vendors answers side by side to compare in the LOS matrix


          Evaluation Ratios

    Use an extensive set of ratio calculations to compare Loan Origination (LOS) vendor proposals quickly and efficiently.



          These comprehensive and CUSTOMIZABLE Weighted Grade Point Scoring functions are used to determine how well MATCHED a vendor Loan Origination (LOS) proposal is to your specific prioritized LOS requirements


          Weighted Grade Score Graph

    Compares the Weighted Grade Point Score calculated for each proposed LOS system. This is calculated as follows: The enterprise resource planning vendor response to each RFP question is assigned an unweighted "raw" score. This raw score is then multiplied by the weight factor you entered previously (default = 1) for that Loan Origination (LOS) software RFP question to calculate the weighted score for each response. All of these individual scores are then totaled for use in this comparison. This score is essentially a measure of how well a Loan Origination (LOS) software system fits your business and software needs, prioritized by the weight (importance level) you assigned to each question in the RFP. In essence, this score measures the SUITABILITY of each proposed LOS software system to your overall requirements. . NOTE this score measures just software functionality, and does not include any measure of vendor background, expertise, support, or programming ability.


          Feature Delivery Method Comparison:

    An analysis of how each LOS vendor is proposing to deliver the system feature/function contained in their Loan Origination (LOS) proposal. The graph below shows the percentage that is Fully Supported "out-of-the-box", the percentage to be done via Report Writer, a Configuration Parameter, or Third-Party add-in, versus the percentage to be done via Custom Coding (Scripting / Programming). This information is very useful in terms of identifying RISK, since a Fully Supported (and tested) LOS feature presents far less risk than that same enterprise resource planning feature done as a "custom programming" task. Also, see the Supportability Index, which sums up these detail risk factors.


          LOS Supportability Index Graph:

    The Supportability Index is a forecast of how much Loan Origination (LOS) software support and maintenance may be required to keep each proposed software system running at full potential over it's lifetime. This score is determined by how much custom coding is required to implement the proposed Loan Origination (LOS) software, and which business processes depend on the customized software.


          Overall Comparison Graph:

    This graph compares both the Weighted Grade (Suitability) Score, Supportability Index, and the Vendor Capabilities Profile side-by-side for easy reference. It is important to see how much custom coding is in a proposed LOS system that also has a high Weighted Score, along with the Vendor Profile. The more custom code, the higher the risk posed by that Loan Origination (LOS) system. Therefore, the more custom coding, the more expertise and capabilities a vendor should have.


          Vendor Profile Score Graph:

    The backgrounds, expertise, capabilities, and certifications of each vendor is obtained in the Vendor Global Issues section of the LOS RFP. The LOS vendor responses to this section are totaled separately from the software functionality topics, and this data is used to calculate the "Vendor Profile Score". The higher the score, the more CAPABILITIES a vendor is probably going to be.


          Cost Savings Analysis:

    Calculates and illustrates Yearly Savings, Payback Period, Return on Investment (ROI), Internal Rate of Return (IRR), and other decision making ratios pertinent to a software/platform selection project.


    LOS System
    RFP Sample

    free example LOS system RFP template

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    • 2,627+ Loan Origination Selection Criteria
    • INCLUDES for FREE the full Requirements Template
    • In-Depth, Detailed Request for Proposal (RFP) Template
    • Vendor Input Validation
    • Feature Availability & Delivery Evaluation
    • Vendor RFP Response Evaluation
    • Response Quality Analysis
    • Enhancement / Cost Cross-Reference
    • Weighted Grade Scoring
    • Supportability Index Scoring
    • Optimized RFP Guide
    • RFP Documentation
    • Side-by-Side Response Comparison with Heat Map
    • Vendor Response Quality Ratios
    • Response Evaluation Scorecard
    • 3-D Bar Chart Response Comparison Graphs
    • Evaluation Matrix Documentation
    • View all templates and tool details above RFP Master for Loan Origination Software
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