Express Pre-Approval

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Market Dynamics

Changes in the mortgage industry are causing turmoil yet creating tremendous opportunity making it more important than ever to act now if you answer “yes” to these questions:

Borrowers online business leads to quick and smooth closings.

• Are your county's recorded mortgage statistics proving that competitors' web-based originations are impacting your market share?
• Are more prospective borrowers in your market using the Web because it fits their schedule in an “on demand” world?
• Is the greatest amount of time spent on a loan spent completing the application?
• Would you like your sales people to spend more time selling and counseling borrowers about their options instead of completing applications?

The Solution: Express Pre-Approval

• A quick borrower-friendly pre-approval application that gathers the minimum amount of data required to obtain a Desktop Underwriter recommendation through a simple interview process.
• An automatically created and electronically delivered pre-approval letter, when the automated underwriting recommendation is to pre-approve.
• Numerous customization controls enabling the lender to customize text and logos and disclosure language.
• Consumer submitted data can be edited and re-submitted for a full underwriting decision at no additional cost.
• Lenders can choose to require a credit card application payment for borrowers requesting online pre-approvals to control costs.

Combining Express Pre-Approval with the power of Originator Pro enables mortgage professionals to more rapidly identify, engage, and approve borrowers than their competitors who use traditional loan origination software and disconnected web sites.