This new borrower-generated prequalification letter modifications the whole lot

This new borrower-generated prequalification letter modifications the whole lot


Studying Time: three minutes

April 23, 2019.

There’s a approach to get dwelling glad, and it begins with eliminating time wasted. Making mortgage straightforward has massive advantages for patrons, mortgage officers, realtors, and anybody else concerned.

That is why, at Cornerstone, we’re all the time integrating new applied sciences. We need to make our mortgage officers extremely cellular, providing them the help they should take a mortgage software wherever. This offers our debtors the extent of care they deserve. It additionally provides our mortgage officers and realtor companions again their “me time.”

Our debtors already love that they will use the free LoanFly app to trace their mortgage standing, verify their credit score report, add mortgage paperwork, and do it 24/7 — all from their favourite gadget. However one in every of our new options has been requested by a number of top-producing mortgage officers across the nation, and it lets debtors have much more say-so.

Now debtors can get on-demand entry to self-generated prequalification letters proper from their Borrower Portal. This new know-how advantages debtors, and it impacts mortgage officers and realtors too.

three methods our new Prequal on Demand makes mortgage ridiculously straightforward

Right here’s how the brand new Prequal On Demand characteristic retains homebuying easy:

1. Extra management.

For homebuyers. PQ On Demand provides patrons the ability to barter. You’ll be able to immediately create your individual prequalification letter primarily based in your monetary profile and the parameters set by your mortgage officer to assist strengthen your supply on a home. This reveals a vendor you’re severe, rising their confidence.
For mortgage officers. Giving debtors extra management provides you again your time when mundane duties are eradicated. Work takes care of itself, and private time turns into a factor to be loved. And by providing this all-in-one know-how, you possibly can quickly turn out to be the go-to mortgage officer in your neighborhood.
For realtors. Simply by inputting their gross sales value and down cost quantity, your purchasers can use LoanFly to generate their very own prequalification letter and add weight to their supply. Patrons with this a lot management over their mortgage are certain to begin buzzing. Our realtor companions depend on the truth that Cornerstone now has one of many strongest Borrower Portal experiences within the trade.

2. Extra flexibility.

For homebuyers. Having extra management over your mortgage additionally provides you extra freedom. You’ll be able to create your individual prequalification letters from wherever — and save time whilst you do it since no additional request to your mortgage officer is required.
For mortgage officers. You’ll be able to anticipate an on the spot notification when your borrower creates a brand new PQ letter, plus the choice to show off the characteristic for debtors as wanted. Coupling this with the most recent upgrades to our Mortgage Officer Portal makes Cornerstone mortgage officers extra cellular than ever.
For realtors. Empowered patrons usually tend to be glad patrons. These are the purchasers who’re going to inform their buddies. Partnering with a lender that has the know-how to offer your patrons extra entry to their mortgage every time they want it frees up room to tackle extra purchasers.

Must win a bidding struggle or edge out the competitors? Now you’ve received the ability within the palm of your palms.

three. Extra steadiness.

For homebuyers. Talking of time, getting insta-access to your individual prequalification letter can nearly erase pointless delays. This strikes your mortgage alongside whereas providing you with your life again. Your time will be higher spent packing, planning, and portray earlier than and after your transfer, as a substitute of requesting prequalification paperwork.
For mortgage officers. Giving our mortgage officers the know-how and help to make mortgage quick and straightforward is the reward that retains on giving — beginning with downtime. With the suitable know-how, loans are processed quicker, productiveness improves, and extra private time turns into accessible. Providing on-the-go capabilities is a technique we make work-life steadiness a precedence, catering to the 69 p.c of staff members who need versatile schedules.
For realtors. Our streamlined in-house tech instruments assist us beat the trade odds of as much as 36 p.c of loans that take longer than anticipated. So, as a realtor companion, you’ll be absolutely outfitted to offer your patrons nice, expedited service and get them dwelling in as few as 10 days. Slicing down on delays cuts time-waste so you may handle your self and your current and new purchasers.

Proper now, cellular banking customers benefit from the highest buyer satisfaction ratios, however new options like our self-generated prequalification letters supply homebuyers the identical expertise. Everybody advantages from new tech instruments that make mortgage quick and straightforward, serving to us attain our final objective of getting patrons dwelling in 10 days.

Put patrons again within the driver’s seat

That’s why we’re right here. To make shopping for a home straightforward for debtors and to enhance mortgage officers’ and realtors’ lives on the identical time. Learn how to turn out to be a part of the Cornerstone work-family or the best way to turn out to be a Cornerstone Realtor Associate and get all of the tech instruments it is advisable develop your online business.

For instructional functions solely. Please contact your certified skilled for particular steerage.

Sources are deemed dependable however not assured.

About Author

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *