MACEDON, N.Y., Sept. 19, 2006 (PRIMEZONE) -- Magnatag(r) Visible Systems, the leader in Magnetic Whiteboard Information Display kits has introduced the Mortgage Broker's Magnetic LoanTracker(r). This workplace solution is designed to help mortgage processors stay up to date with every stage of the loan approval process.
Each stage of the process is tracked by Do-Done(tm) green and yellow two-sided magnets. A red magnet is displayed to show any situation in need of attention.
"Successful brokers using this board tell us it's like a radar screen for their pipeline, complimenting their software. It lets loan processors easily identify problems and see what needs to be done," said Wally Krapf, Magnatag's President. "Seeing is believing, we can spot a problem and see where a loan is held up, our customer is happy because their loan stays right on track."
LoanTracker(r) shows columns for file name, start dates, closing dates, assigned institutions, comments, and 16 loan stage columns. It comes in three sizes for up to 80 loans per board.
"Brokers tell us they love it, because LoanTracker(r) is a powerful business tool. One broker holds weekly 'board meetings' to keep customer loans on track," Mr. Krapf said. Other customers have had positive initial feedback, including:
-- "We know exactly where we are in the process with LoanTracker(r),
what reminders to send and where problems are arising so they don't
slow us down. Seeing 40 people in my pipeline at one time is like
artwork to me," said a mortgage broker in Fort Mitchell, KY.
-- "More efficient processing has lead to increased referrals," said
a Salt Lake City mortgage broker.
-- "The increase in service levels for our customers has been
significant," said a broker coach from Washington State.
-- "Puts all my loans where I can see their status ... It's easy to
understand, helps maintain focus and sustained productivity
improvement," said a financial services manager from Massachusetts.
LoanTracker(r) boards come in three sizes for 19 loans (2' x 3'), 40 loans (4' x 3') and 80 loans (4' x 6'), priced from $379 to $759. All kits include color-coded magnet symbols for loan status, write-on tools and charting supplies. Optional magnet kits also include magnetic cardholders for customer name or file number, Letter-Easy(tm) card insert PC lettering template, 11 printed mortgage broker step and stage headings, plus extra blank magnetic headings for your own special stage names: everything you need to quickly set up and operate it. For more information on the Mortgage Broker's Magnetic LoanTracker(r), visit: www.magnatag.com/MLS.
About Magnatag Visible Systems
Magnatag Visible Systems is a leading manufacturer and direct provider of industrial-quality magnetic whiteboards and organizational tools for displaying information in the workplace. Magnatag has designed, patented and directly distributed industry and task-specific visible display kits and products for 39 years. With over 2,300 different kits to plan, track, schedule and display information, they enable customers across all industries to better communicate and organize workplace activities.
Hi-res image available: http://www.magnatag.com/MLS-G96
For information or purchase: http://www.magnatag.com/MLS