BOULDER, Colo., May 11th, 2017 — Mortgage Automation Software provider, Floify, announced the launch of their new Disclosure Desk, which allows lenders and compliance teams to streamline the entire disclosure process from within their Floify account.
Floify launched Disclosure Desk in response to overwhelming demand from lenders for a more efficient and accountable way to manage the disclosure process and stay compliant with new federal regulations. Floify’s platform was already designed and built using the most secure methods of document collection, verification and data storage available in the finance industry.
“The process of requesting, collecting, tracking, and securing borrower disclosures has remained a very manual process, often requiring dedicated teams to ensure strict compliance”, said Dave Sims, Floify CEO. “Floify’s Disclosure Desk simplifies the disclosure workflow between the borrower and lender, saving hours per loan and providing an elegant, modern experience for disclosure desk associates and borrowers.”
Lenders can track their disclosure doc requests in their disclosure desk and get time-stamps on all borrower communications and signatures. They can also easily see the disclosure status of all loans in their pipeline. Once approved, disclosure packages are securely integrated with the lender’s LOS.
“Floify’s Disclosure Desk helps our compliance managers and loan originators ensure loan quality and protect closing timelines”, said Casey McGovern, Bay Equity President and Chief Production Officer. “It also provides our teams with a low-cost, high-impact solution for efficiently managing disclosures”.
Floify (floify.com) is a mortgage solutions SaaS platform that streamlines the mortgage process by providing a secure communication and document portal between lenders, borrowers, referral partners, and other mortgage stakeholders. Loan Originators use the platform to collect and verify borrower documentation, track loan progress, communicate with borrowers and real estate agents, and close loans faster. More than 150,000 users are registered on the platform, including loan officers, realtors, and borrowers. The company boasts an impressive 99.5% annual customer renewal rate with 15,000 loans started on the software every month. The company was founded in 2012, is based in Boulder, Colorado and privately held.