PRESS RELEASE: Floify Integrates with Credit Plus, Inc. to Seamlessly Deliver Trended Credit Reports to Mortgage Professionals
Partnership Further Enhances the Mortgage Process for Loan Originators Who Combine Floify’s Mortgage Automation App with Credit Plus, Inc.’s Trended Credit Reporting Services
BOULDER, COLO – January 10, 2018 – Floify, the leading provider of loan automation solutions for the mortgage industry, announced today an integration with Credit Plus, Inc., a third-party verifications specialist offering products and services for mortgage professionals.
This new integration enables loan originators who are using Floify to streamline their mortgage workflows to automatically collect a borrower’s trended credit report from Credit Plus, Inc. upon submission of a loan application, or on-demand from their Floify dashboard.
Trended credit is an important indicator of a mortgage borrower’s credit worthiness, as it provides a historical perspective of credit utilization. With the availability of this data, lenders can more accurately determine the likelihood of a borrower fulfilling the terms of their credit lines, including car loans, student loans, and mortgages.
Floify’s integration with Credit Plus, Inc.’s trended credit reporting services also eliminates the hassle of collecting credit reports by empowering borrowers to digitally submit their consent directly to lenders in just a few clicks.
“Floify was designed to replace the cumbersome and manual mortgage processes with a pleasant and seamless digital experience,” said Dave Sims, CEO of Floify. “The partnerships and integrations we’ve developed with industry leaders like Credit Plus, Inc. have truly helped us create a win-win situation for our partners, as well as an all-inclusive, seamless mortgage experience for Floify’s more than 265,000 users.”
Launched in 2017, Floify’s App Store allows partners to build opt-in apps that push relevant data to mortgage professionals and loan stakeholders who use Floify to streamline the mortgage process. In addition to Credit Plus, Inc.’s trended credit reporting integration, Floify’s App Store includes full-featured apps from Equifax, Jungo, and more. Potential app partners include service providers that offer VOE/VOI, insurance and title data, loan origination systems, or lead generation solutions.
Floify is a software platform that streamlines the mortgage process by providing a secure 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. Floify is based in Boulder, Colorado and is privately held.