automate early origination processes

Build Momentum with Prospects by Automating Early Origination Processes

Build Momentum with Prospects by Automating Early Origination Processes

The Floify platform excels at helping loan originators engage and build momentum with their prospects by delivering elegant automation during the early stages of the loan origination process.

With Floify, simple yet momentum-killing tasks like ordering a credit report or determining what documentation will need to be provided can be completed instantly, enabling prospects to continue on to their next step without delay.

For loan originators, these powerful automations allow them to focus their efforts on initiating contact with prospects, building relationships, and securing more business.

Taking Advantage of Credit Automation in Floify

floify apply now credit automation

Soft credit reporting in Floify works exclusively in conjunction with Floify’s 1003 loan application. This allows LOs to access the important benefits of a soft credit report – initially qualifying a prospect for a lower upfront cost without opening the credit window for competitors – and take full-advantage of the efficiency-boosting power of the automation.

For loan originators that prefer to move their process along faster, the same post-submission credit automation can also be configured for a hard credit report.

Floify's intuitive loan application takes care of the credit authorization for origination teams by incorporating this authorization into the loan application submission process. 

Once that permission is given, and the application is subsequently submitted, Floify will utilize the LO's pre-configured credit reporting integration to instantly pull the prospect’s soft/hard credit report.

LOs will then have the borrower's loan application, credit and e-consent authorizations, as well as the borrower's soft or hard credit report, in hand to begin qualifying the prospect.

example hard credit pull in Floify

Mortgage originators can take their level of automation a step further if desired and utilize Floify’s automatic document request functionality to dynamically create the initial needs list for their prospect using business logic.

Based on the LO’s workflow and needs, these powerful features provide a number of ways to simplify and speed up the origination process for both lender and borrower.

Credit Integrations Supporting Automated Soft Pulls

Of Floify’s huge library of credit reporting integrations, two dozen of the most popular CRAs are now configured to support automated soft credit report pulls. All Floify CRA integrations can be utilized for automated or one-off hard credit report pulls.

Those vendors supporting soft credit reporting in Floify are:

  • Avantus
  • Advantage Credit
  • Alliance 2020
  • Birchwood Credit Services
  • Certified Credit Reporting
  • CIC Credit
  • CIS
  • Cisco Credit
  • CoreLogic Credco
  • Credit Plus
  • Credit Technologies
  • Credit Technology Inc.
  • CRS Credit
  • Factual Data by CBC
  • Informative Research
  • ISC Credit
  • KCB Credit
  • Premium Credit Bureau
  • Premium Credit Bureau Data
  • Sarma
  • SettlementOne
  • Universal Credit Services
  • Clear Choice Credit
  • Partners Credit

If you work with any of these CRA vendors for your credit reporting needs and would like more information or assistance with configuring your loan application to automatically pull soft credit reports, please contact Floify’s Customer Support team.

Keep Moving Forward with Automatically Generated Document Needs Lists

Keep your borrowers and prospects engagedwith their file by leveraging Floify's customizable automatic document requests.

Once this functionality is configured, Floify can instantly determine a prospect's initial document needs list based upon the data submitted with a Floify loan application. The system then automatically creates a secure portal for the borrower and prompts them to start submitting required documents.

When combined with credit reporting automation, this solution creates an environment where it is possible for LOs to walk in to their office in the morning with a substantial amount of the early loan file work already completed.

Learn more about Floify's automatic document requests here!