XWebServices, Inc., the leading provider of standards-based XML SOAP based Web Services, announces today the official release of Version 2.0 of its Open Source Online 1003 SOA Solution.
Looking to add online Mortgage Loan Applications to your web applications? Why settle for yesterday's technology and soon to be forgotten standards?
XWebServices, Inc.’s Open Source Online 1003 SOA Solution consists of online versions of the Uniform Residential Mortgage Loan Application - Form 1003 - which leverage the XWeb1003 XML/SOAP based Web Service. Data can exported to Fannie Mae 3.2 format and imported into Calyx Point, Ellie Mae Encompass or any other Loan Origination Software that standardizes on the Fannie Mae 3.2 format.
The application is written and distributed under the GNU General Public License which means that its source code is freely-distributed and available to the general public.
view demo / download the source code
The solution consists of a Quick Application (Pre-Qual) and the Full 1003 Application:
Quick Application (Pre-Qual)
- Down Payment & Purchase Price
- Borrower Information
- Co-Borrower Information
- Assets & Liabilities
- Gross Monthly Income
- Declarations
Full Application
- Type of Mortgage & Terms of Loan
- Property Information & Loan Purpose
- Borrower & Co-Borrower Information
- Employment Information
- Monthly Income & Housing Expense
- Assets & Liabilities
- Details of Transaction
- Declarations
- Acknowledgement & Agreement
- Government Monitoring Information
