Now Running in Floify: Dual AUS Floify’s powerful new Dual AUS functionality empowers loan originators to further increase the overall efficiency of their workflow, remove the need to switch 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®) and Desktop Originator® (DO®) AUS systems as well …
Introducing Floify Closing Accelerator and Floify Customer Capture Increasingly, 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 …
Task Management: Massively Improve Team Efficiency with Floify’s Latest Time Saver Floify’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 …
Recent Innovations That Accelerate Application-to-Close Time When 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 …
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 …
6 Ways Mortgage Lenders Can Get Creative With Their Loan Officer Compensation Plans Loan officers and originators are often the front-line salespeople for any mortgage lender. These loan officers (LOs) liaise with borrowers, handle applications, and generally work to close as many viable deals as possible in a given month or quarter. Implementing loan brokers profit sharing can be a …
4 Ways to Thrive as a Loan Originator in a Rising Interest Rate Environment Let’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 …
The Current State of the End-to-End Digital Mortgage New technologies were gradually making the mortgage-lending process more efficient, then COVID-19 propelled the industry into a new era. With mortgage-origination volumes soaring, loan originators adapted to remote work, accelerating the need for digital solutions like remote online notarizations (RON). These have all been important steps towards digital mortgage, which at least …
Floify’s Latest Release Delivers Powerful New Credit Reporting Tools Floify’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 …
How Originators Can Measure and Improve Mortgage Pull-Through Rate What is Mortgage Pull-Through Rate and How to Measure ItThe mortgage pull-through rate analytic provides a loan originator with a high-level view of the overall health of their mortgage process. It’s a foundational metric meant to generally assess workflow efficiency, the quality of submitted applications, the level of customer service being …