Floify Announces Multi-Factor Authentication Rollout to Enhance SecurityAt Floify, we are committed to providing the most secure and compliant platform for our users, so we are excited to announce the upcoming release of a new Multi-Factor Authentication (MFA) feature for all Floify users. This update will help enhance overall site security and data protection for all our users.What is Multi-Factor …
Eight Key Advantages of Using Mortgage POS TechnologyBorrower expectations are in a constant state of evolution. The need for efficient, user-friendly systems has never been more critical. 31% of borrowers abandon their mortgage application, while 25% of these borrowers say they didn’t finish because the application process took too long, which significantly impacts pull-through rates. 2022 Borrower Insights Survey by …
Introducing Two Efficiency-Boosting Features to Elevate Your Mortgage Experience with FloifyAt Floify, we continually strive to make the mortgage origination process smoother and more efficient for both loan officers and borrowers. Today, we are delighted to announce the launch of two efficiency-boosting features that will significantly improve your experience with our platform: Copy Loan Docs and Prospect from LOS 1003. …
Co-Pilot Quick Assist: Give Borrowers Timely Help with Their Loan AppSince Floify’s 1003 Co-Pilot feature first launched, it has provided loan origination teams with a dynamic method of working with their borrowers digitally. Using next-generation technology, Co-Pilot brings borrowers and LO teams together to complete an application in a live, simultaneous work environment. And now, Floify’s Enhanced Co-Pilot functionality adds …
Now Integrated: Fannie Mae’s Desktop Originator®Floify is excited to announce the launch of a new integration with Fannie Mae’s Desktop Originator (DO) automated underwriting system (AUS). Now, mortgage brokers and correspondent lenders using DO are able to further streamline their processing workflow by ordering and accessing AUS results from the mobile-friendly Floify interface. Anywhere. Anytime. Floify’s DO integration helps brokers …
3 Key Factors Impacting Digital Loan Application Submission RatesWhy do some lenders thrive while others lag? What separates the best mortgage lenders from the also-rans and everyone else? Your borrowers are smarter and more informed than ever. They know what’s happening with interest rates. They know how to figure out their own credit scores. They can calculate payments online with …
Floify Becomes the First Point-of-Sale to Support the Supplemental Consumer Information FormFloify recently launched support for the new Supplemental Consumer Information Form (SCIF) / Form 1103, becoming the first mortgage industry tech provider to offer support well in advance of the announced mandatory requirement date. The SCIF will be mandatory for all conventional loan applications starting next year, and now, …
Now Running in Floify: Dual AUSFloify’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 as …
Introducing Floify Closing Accelerator and Floify Customer CaptureIncreasingly, 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 digital …
Task Management: Massively Improve Team Efficiency with Floify’s Latest Time SaverFloify’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 tight …