PRESS RELEASE: Floify Joins with Equifax to Expand Features and Functionality of their Next-Generation Mortgage Point-of-Sale Solution
Integration simplifies the way mortgage professionals collect, verify and manage loan documents
BOULDER, COLO – December 06, 2018 – Floify, the mortgage industry’s leading point-of-sale solution, announced today it is joining forces with global information solutions company, Equifax. This partnership integrates the power of the Equifax Trended Credit*Hi-Lite™ and The Work Number®, which enables eligibility for Day 1 Certainty® from Fannie Mae, with Floify’s flexible and feature-packed mortgage automation solution.
Loan originators (LOs) can now instantly obtain Verification of Employment (VOE) and/or Verification of Income (VOI) via a secure integration with The Work Number®, and tri-merge credit reports via Trended Credit*Hi-Lite™, directly into an application or loan file within Floify. Additionally, with GSE validation programs, which provide freedom from reps and warranties on key parts of the mortgage process, LOs can help mitigate risk and limit underwriting cycle times by reducing lenders’ reliance on applicant-provided W-2s, pay stubs and other income-related documentation.
“We are excited to partner with Equifax, as Floify continues leading the mortgage tech market with a secure and comprehensive point-of-sale solution,” said Dave Sims, CEO of Floify. “Our integration with The Work Number® and Trended Credit*Hi-Lite™ expands Floify’s third-party solution offerings essential to the loan process, which streamlines and accelerates the mortgage workflow between loan originators and their borrowers in a whole new way.”
Floify simplifies the way mortgage professionals collect, verify and manage loan documents; track loan progress; and communicate with borrowers and other loan stakeholders. With Floify, LOs have reported saving hours in the loan origination process and dramatically improving the profitability of their mortgage operation while maintaining existing levels of staffing.
“Equifax is thrilled to be working with Floify to help automate the mortgage experience and to ultimately provide the industry with insights to help drive more informed and efficient lending decisions,” said Jennifer Henry, Vice President of Equifax Mortgage Services.
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.