automated business rules document requests

Automating Conditions and Needs List Creation in Floify

There are a number of great reasons loan originators augment their workflow with automation. It drives higher efficiency, reduces or eliminates errors and omissions, and can allow their borrowers to enjoy a loan process that moves as fast as they do.

One area of the origination process that Floify’s mortgage automation engine helps LOs gain all of these benefits is when assessing the loan application to determine the required conditions and building the client’s document needs list.

Utilizing the platform’s customizable business rules, LOs can design conditional logic to automatically analyze the answers provided on the loan application. Through the use of simple trigger-action statements, the system will determine the proper set of conditions necessary for the borrower.

floify automatic mortgage document needs list creation settings

The functionality eliminates the repetitive process of combing through a prospect’s loan application to determine conditions.

As a mortgage operation scales, and begins taking in more and more loan apps, this becomes a larger burden on loan processing staff.

It gets prospects up-and-running on their loan file faster. Needs are determined instantly, prompting prospects to continue into the next phase of their loan application, document gathering.

Speed of response is a key to winning business before the competition.

And well thought out business logic can eliminate human errors. Instead of having to go back to a client and ask for yet another document that was overlooked, everything on the loan application is evaluated and determined upon conversion to a live loan flow.

As long as the information submitted on the loan application is accurate, the conditional logic will work to build the exact list of conditions that underwriters will be looking for.

Building Your Business Rules

Floify automatic mortgage doc requests

Planning and developing the business rules to power your automatic doc requests is surprisingly simple.

LOs and support staff already know the conditions under which they would require specific documents. They do it every day!

If a Floify account has been configured for the LOs workflow, any document that could be requested will already exist as a template document in the system.

Simply go down the list of your template docs, and create a business rule for each one that maps out under what conditions you would request that particular document.

floify business rule creation

Once enabled, automatic doc request business rules will be evaluated when a loan application is converted to a live loan flow and will take the place of the default quick pack.

For more detailed setup instructions, please see the Floify Help Center.