Floify Becomes the First Point-of-Sale to Support the Supplemental Consumer Information FormFloify recently launched support for the new Supplemental Consumer Information Form (SCIF) / Form 1103,  becoming the first mortgage industry tech provider to offer support well in advance of the announced mandatory requirement date. The SCIF will be mandatory for all conventional loan applications starting next year, and now, …

Now Running in Floify: Dual AUSFloify’s powerful new Dual AUS functionality empowers loan originators to further increase the overall efficiency of their workflow, spend less time jumping between systems, and get instant AUS results from anywhere, anytime, in the platform’s mobile-friendly web portal. Fully-integrated with Fannie Mae’s Desktop Underwriter® (DU®) AUS and Freddie Mac’s Loan Product Advisor® (LPA℠) AUS, this …

Introducing Floify Closing Accelerator and Floify Customer CaptureIncreasingly, today’s mortgage origination professional faces two key challenges: changing borrower expectations and customer retention. Changing Borrower Expectations The mortgage industry has lagged behind traditional banking and other financial services in its transition to digitally-enabled experiences. Meanwhile, consumers, particularly younger first-time homebuyers, have already adjusted their expectations. 67% of Millennials and GenZ expect a digital …

Task Management: Massively Improve Team Efficiency with Floify’s Latest Time SaverFloify’s Task Management feature is a massive time-saving update for processors, LOAs, closing coordinators, and other loan origination support staff. By streamlining the workflow for these critical users, mortgage lenders and team leaders can instantly boost the effectiveness of their workforce – a necessity in a market environment where tight …

Recent Innovations That Accelerate Application-to-Close TimeWhen it comes to mortgage origination, timing is everything. Mortgage loans can take anywhere from roughly 30 days to several months to complete. In the last few years, digital mortgage tools have helped shorten the time from loan application to close, while also delivering a modern borrower experience. But not all digital mortgage solutions are …

Introducing Floify’s Borrower Single-Sign On (SSO)Floify’s new Borrower Single Sign-On (SSO) functionality has arrived, providing lenders and loan originators with a quick and simple way to make the mortgage process even easier and more secure for their borrowers.What Exactly is Single Sign-On (SSO)? Single Sign-On (SSO) is a centralized user authentication service in which one set of login credentials can …

6 Ways Mortgage Lenders Can Get Creative With Their Loan Officer Compensation PlansLoan officers and originators are often the front-line salespeople for any mortgage lender. These LOs liaise with borrowers, handle applications, and generally work to close as many viable deals as possible in a given month or quarter.LO compensation by the (legal) bookAs is the case for most salespeople, …

4 Ways to Thrive as a Loan Originator in a Rising Interest Rate EnvironmentLet’s face it – it’s easier to sell loans when interest rates are low. Over the past decade, the Federal Reserve has kept rates at rock bottom, producing one of the easiest sales environments for loan originators in memory. But a confluence of factors has recently contributed …

The Current State of the End-to-End Digital MortgageNew technologies were gradually making the mortgage-lending process more efficient – then COVID-19 hit. Mortgage-origination volumes hit new heights, and mortgage loan originators faced a tough new reality of remote work in a field that still hadn’t fully digitized. Fortunately, a flurry of emergency activity from regulators resulted in many states allowing remote …

Floify’s Latest Release Delivers Powerful New Credit Reporting ToolsFloify’s recently released suite of new credit reporting and VOA functionality gives loan originators the advanced automation capabilities they need to create even more time-saving efficiencies (and less headaches) within their digital origination workflow.Automatically Map Liabilities to Loan ApplicationLOs that utilize Floify to order credit via one of the system’s integrated credit …