How to Calculate the ROI of Mortgage SoftwareWith interest rates recently hitting a 50-year low, mortgage applications increased so much that the MBA doubled their projection for refinance originations. The volume of applications has staggered the mortgage industry. Some lenders are increasing their rates as a counterbalance to the avalanche in demand. We’ve been hearing from loan originators every day that are buried by …

The Digital Mortgage Process of Today and TomorrowToday, borrowers live in a connected world where a pizza ordered from Dominos is tracked in every stage from ordering to delivery, and they’ve come to expect the same from their business interactions. This culture shift has created an expectation amongst consumers that the mortgage industry needs to embrace an end-to-end digital mortgage. …

Streamlining the Mortgage Disclosure Process Ever since TRID flipped the mortgage disclosure world on its head, lenders have been seeking to find the most efficient way to deliver, track, and receive those disclosures, while also making sure to stay within regulatory compliance. The second part of this equation is that borrowers also want a fast and transparent process that gives them …

Eliminating Mortgage Fraud with Direct Source Data Verification In CoreLogic’s 2016 annual mortgage fraud report, they found that the risk for borrower income fraud increased 12.5% year-over-year and the risk of mortgage application fraud also increased 3.9% in the same time period. While mortgage fraud comes in many forms and can be perpetuated by any party involved in the transaction, these …

5 Ways to Maximize Your Floify Mortgage Automation ExperienceNow that you’ve taken the step to integrate Floify’s mortgage software in your process, make sure that you take advantage of all the available options to maximize the return on your investment. Floify excels in its ability to customize and tailor to the style of a loan originator and their team. Certain customizations help …

Take Advantage of Mortgage PodcastsLeveraging peers, mentors, and coaches is considered to be the fastest way to learn and grow in the mortgage industry. However, it isn’t always easy to find a willing and affordable mentor or coach when you’re just starting out. This is where podcasts come into play. A good mortgage podcast is an invaluable device to quickly …

Control Access to Preferred Vendors Across Your Mortgage CompanyWhen a mortgage lender makes the decision to invest in mortgage software that they will be making available to their loan officer teams, it comes with some strings that the lender has attached to ensure that the technology is being used in the manner that the lender sees fit (not the loan officer). Not …

Why You Need a Dynamic 1003 Loan Application It is virtually impossible these days to find a loan officer’s website that does not have a digital 1003 loan application that prospects can fill out to ‘Apply Now’. While every LO needs mortgage application software, the fact of the matter is that not all online loan applications are made equal, and there …

How Top Mortgage Technology Providers Win With PartnershipsCustomers Prefer Providers that Prioritize Integration When scanning the enterprise mortgage technology space, it’s apparent that the companies who rise to the top are those who promote the integration of complementary services. With so much mortgage software available now, lending teams are hungry for platforms that value these integrations and provide open frameworks that allow …

How a Legacy Mutual Team Tripled Loan Volume Without Adding New Staff Floify Interview with Legacy Mutual’s Hannah Windham Hannah Windham Production Associate III (front-end operations) The Hughes Team Legacy Mutual Mortgage Sonterra Branch 300 E Sonterra Blvd Bldg Four STE 460 San Antonio, TX, 78258 How did you come to land in the mortgage space? I had no intention …