PRESS RELEASE: Floify Releases New Hybrid E-Closing Solution
New e-signature solution saves lenders and borrowers significant time at the closing table by enabling electronic signing of most documents prior to loan closing
BOULDER, COLO – April 24, 2020 – Floify, the leading provider of digital mortgage technology, announced today it has released their new hybrid e- closing solution. This highly anticipated addition to the company’s robust point-of-sale system helps enterprise lenders stay ahead of evolving market conditions and appeal to their consumers’ appetites for digital offerings by enabling borrowers to electronically sign non-notarized portions of their mortgage closing package in advance of their in-person closing appointment. The result is a more focused signing session where only the necessary documents that need to be wet signed are presented, so borrowers can get in and out of the closing office in a matter of minutes.
Floify’s new hybrid e-closing solution builds upon the existing fundamentals of the company’s Disclosure Desk solution, which leverages an integration with DocuSign and a lender’s loan origination system (LOS), to provide borrowers with a smooth and simplified disclosure signing experience within the Floify point-of-sale portal. To enable this streamlined workflow, hybrid e-closing automatically identifies the non-informational, non-wet-sign forms within the closing package and makes them available for e-signature within a borrower’s Floify dashboard. Borrowers are then able to review the selected package in advance of a signing period that is calculated based on the LOS’ assigned closing date.
“Floify is excited to equip lenders with the industry’s most advanced digital mortgage solutions to help reduce origination times, increase profit margins, and get their borrowers past the mortgage closing table in record time,” said Floify CEO Dave Sims. “Our company’s new hybrid e-closing solution will not only provide loan originators with the e-signature solutions they need in this economy – where social distancing is being encouraged – but also allow them to better serve their tech-savvy borrowers.”
Additional features, which the company will continue to roll out in the coming months, will further provide mortgage lenders with advanced capabilities designed to eliminate pain points and make manual components of the process more pleasant and efficient for lenders and borrowers alike.
With more than one million registered users, Floify’s point-of-sale system was designed to be an intuitive, flexible and affordable platform that simplifies how lenders collect, verify and manage loan documents, track loan progress, and communicate with borrowers, agents and other stakeholders. When using Floify to automate the lending process, enterprise lenders have reported getting borrowers to clear-to-close up to 7.5 days faster.
About Floify:
Floify is a digital mortgage point-of-sale solution that streamlines the loan process by providing a secure application, communication, and document portal between lenders, borrowers, referral partners, and other mortgage stakeholders. Loan originators use the platform to collect and verify borrower documentation, track loan progress, communicate with borrowers and real estate agents, and close loans faster. The company is based in Boulder, Colorado and is privately held. For more information, visit the company’s website at floify.com or on social media at Facebook, LinkedIn, or Twitter.