Most mortgage software suppliers offer only web-based interfaces to their systems. MOSO have chosen to offer both web-based and traditional desktop application environments providing the best of both worlds.

Desktop applications offer many significant advantages over web-based interfaces. Two of the most significant advantages are the ability to cache data locally and the continuous two way communication between the server and client. Practically speaking this allows the LIS desktop client to rapidly search and sort data locally, and to respond to server updates in real-time.

All this adds up to a far more responsive and powerful user environment. Check out MOSO's "Hot Reporting" technology -- built into the LIS from the ground up -- for a great example of the benefits of a desktop application environment.

MOSO's "Hot Reporting" technology provides LIS users with the ability to search and sort in real-time, displaying matching results as you type!

A simple example query from the LIS Loan Book screen is [borrower]=smith [amount]>1000000 which will display all records where the Borrower field contains the word "smith", and the Amount field contains a value greater than $1,000,000. If you don't specify which field you wish to search, the LIS will automatically search all fields: typing smith will display all records with a field that contains the word "smith". Perhaps the most powerful aspect of Hot Reporting technology is its real-time response: Hot Reporting filters the search results whilst you're typing your search terms. This makes it extremely easy - and quick - to search for records when you're not quite sure what you're searching for: if you're looking for all Deals for a particular customer but can only remember that part of his is "Metheny", simply type metheny. If you still aren't sure which are the records you're interested in, you might try entering more information to search on, such as the Lender, a fragment of the Introducer's name, the Loan Amount range, the system user responsible for the Deal, and so on.

All data managed by the LIS can be searched using Hot Reporting. Frequently used search criteria can be saved for future use: you could save the query [lvr]>=0.8 to instantly show all Deals that required LMI, for example. The LIS comes with a number of useful search criteria for various different types of system data, and you can add as many new search criteria as you wish. Saved search criteria are instantly and automatically available to all users of the system that have the appropriate security privileges.

Search results are automatically updated to reflect updates to system data entered by your staff. This means your processing staff can choose to display only Deal records that are assigned to themselves, safe in the knowledge that as Deals are re-assigned between staff, their search results will remain up-to-date.

You can have as many search windows open as you like, allowing management to track processing activity in real-time, observing the number and nature of all Deals assigned to particular users, or with particular Statuses, LVR ranges, or just the Deals created today.

All search results -- in fact, data in any table in the LIS -- can be exported to Microsoft Excel, CSV (comma-separated values) files or to the system clipboard, allowing you to easily further manipulate and share the data in your LIS system.

The LIS has been designed to operate seamlessly as a spoke within a wider digital mortgage hub. By leveraging standards such as LIXI, the LIS is able to communicate seamlessly with Lenders, Insurers, Brokers, Solicitors, Valuers, Customers, etc., and when tied to the LIS workflow management system the LIS communications hub becomes a huge productivity asset, allowing you to leverage previously untapped resources through mass automation.

Automation is one of the most powerful benefits of the LIS system and at its heart lies the workflow management system. Workflow management allows LIS users to adapt the LIS to their business processes, rather than having their mortgage system dictate to them. Best of all, workflow management allows users to modify their business processes over time, as opportunities for productivity improvements arise.

Workflow management works by combining milestones and actions. Milestones are ordered and are achieved by completing all actions associated with preceding milestones. Actions include tasks such as document generation, email generation and delivery, response to an external email, creation of a user task, response to a user task etc. Any number of Actions can be associated with a Milestone and any number of Milestones can be added to the LIS. And, of course, any number of users can be added to a LIS system, from where they can make use of the LIS' workflow management features.

Workflow management will be available with the launch of LIS Version 2.0 at AMS05. Come and see us at the MOSO stand for a demo.

Document generation is amongst the most useful of the LIS' automation features. Whether your needs include preparation of submission documentation, letters of offer, solicitors' instructions, client emails, internal emails, notes, invoices or any other type of document, the LIS' document generation and delivery system can make it fast, easy and error-free. The LIS' document generation features are also integrated into the LIS digital document archive, allowing you to generate, deliver and archive documentation with the touch of a button.

Using standards based technologies such as XML and XSLT, the LIS' document generation tools are flexible and powerful and when combined with LIS workflow management tools provide a new level of customizable automation.

And like all the other features of the LIS, the documents your LIS system can generate are under your control. You can add new document types (templates), and modify existing ones. And of course, MOSO can provide as much assistance as you should require.

The LIS brings power and flexibility to all aspects of the Commissions Management cycle, from the easy-to-use Import Wizard, through to the powerful reporting features and the Invoice Generator that allows you to generate fully detailed Invoices for any period - monthly, quarterly, annually, year-to-date, or any other period that might be required. You can generate RCTIs for your Originators monthly, but still provide them with quarterly and year-to-date breakdowns. And of course your management team will find the ability to breakdown your commissions ingoings and outgoings by any period, and to any level of detail to be an invaluable management tool.

The LIS Commissions functionality is extremely flexible - the LIS allows you to set default commissions rates for each individual Originator, to help minimise data entry errors, whilst still allowing custom rates to be set for individual loan splits, at your discretion. You can also create custom Commission payments, to incorporate incentive payments for your Originators.

Along with the desktop interface the LIS also includes a web interface, providing a convenient interface for customers, business partners and staff that need to access data from outside your premises. The LIS web interface provides a subset of the search and retrieval tools available in the desktop application as well as a set of standard reports commonly accessed by business partners and sales staff.

All access through the web interface is controlled through fined grained Access Control Lists, ensuring that you control how much information is accessible, and to whom. The same user accounts can also be used for accessing the LIS through the desktop application, which can also be used remotely by power users.

The LIS has been designed for mission critical applications. Every aspect of the system has been designed to ensure the highest levels of data integrity and security.

The LIS includes a complete audit trail that records every action performed since the LIS was first installed, including timestamps, pre- and post-states and the user whose account was used to perform the action. This information can be used for forensic purposes or for data recovery and validation purposes. A completely accurate database state can be built directly from the LIS audit logs for any given time period.

The LIS also includes a fine grained permissions control system that allows customizable user account permissions. This allows LIS owners to establish their own data access guidelines across both internal staff as well as any external users that the LIS owner wishes to allow.

The LIS makes use of industrial-strength, industry-standard encryption technologies to ensure the security and privacy of all system data. All LIS data exchanges are encrypted with 128-bit SSL, and the LIS application code itself is digitally signed by MOSO Corporation.

All fields in the LIS are data driven, ensuring that the operator can modify and extend the LIS without requiring the assistance of MOSO or other third party programmers. This includes both "static" data such as postcodes and country lists and "dynamic" data such as Lenders, Loan Products, Introducers, interest rates, fees, trails etc.

Whilst MOSO Corporation loves to hear from its customers, we believe firmly in empowering them first. It's your system, and has been designed to adjust to your needs, not the other way around.

MOSO believes in open standards and makes every effort to adopt them where possible. We believe that this helps our customers by not tying them into propietary protocols created by MOSO but instead allows them to interoperate with any 3rd party in the marketplace.

LIS users are able to store and retreive any form of document directly with the Deal that the document is associated with. This includes both external documents such as faxes, Microsoft Word documents, PDF documents, etc as well as internal documents such as those produced via the LIS' document generation features.

The LIS provides a number of import & export facilities. The LIS is able to import various Lenders' commissions data files, and can export the data in any LIS table -- including all reports, and the results of any seach -- to Microsoft Excel files, CSV files, and the system clipboard.

J2EE -- Java 2, Enterprise Edition -- is an enterprise computing specification designed to provide developers with the tools required to develop and deploy highly secure, scalable and robust client server applications. The specification has become so dominant over the previous five years that it is now the defacto standard for all major banking and financial industry applications. Visit Sun Microsystems for more information about the J2EE specification

The LIS has been built from the ground up to leverage the benefits provided by J2EE at a fraction of the cost normally associated with enterprise applications.

Because the LIS is built on the power and flexibility of Java, you can run your LIS system -- both the server and your staff PCs -- on your existing PC platform, whether that be Windows, Apple Macs, Linux, or even a mix of these.

MOSO leverages a number of open-source technologies to help ensure that the LIS continues to evolve on the cutting edge of enterprise software development. Our use of industry-standard server applications such as JBoss, PostgreSQL, Postfix, Apache and Tomcat help to ensure that MOSO continues to provide the rock-solid application architecture that is becoming its hall mark.