LenderLogix QuickQual

Create a vendor selection project & run comparison reports
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.

Overview

QuickQual is a Mortgage Application Conversion Machine

QuickQual is a custom branded Mortgage Calculator that loan officers send via text message to their borrowers directly from your loan origination system. Borrowers can run payment and closing cost scenarios and issue pre-qualification or pre-approval letters within parameters that the loan officer sets.

Borrowers using QuickQual login to the platform an average of 22 times during their home shopping experience and are more likely to complete their mortgage application with the lender that pre-qualified them using QuickQual.

Key Features

QuickQual Features

REAL-TIME ADJUSTMENTS

Your borrowers and their real estate agents can update their pre-qualifaction letter with any dollar amount they qualify for. If they don't qualify, QuickQual helps them contact you to discuss their options.

MONTHLY PAYMENT SUMMARY

Impress your borrowers by providing them with an accurate payment scenario using MI factors from your LOS. As they change the purchase price and loan amount, they are given instant updates to help them make informed decisions.

ANALYTICS & NOTIFICATIONS

Stay in the loop as your borrowers and real estate agents run their own payment and closing cost scenarios. Review data analytics and notifications so you can offer support to your customers right when they need it. Borrowers using QuickQual log in over 22 times on average!

CLOSING COST SUMMARY

With its unique features and data-driven calculations, QuickQual will be more valuable to your borrowers than any generic payment calculator. QuickQual provides a truly accurate closing cost calculator because it uses your data for its calculations. It even automatically updates title insurance and transfer tax.

WORKS WITH YOUR CURRENT LOS

Pre-qualify borrowers in your LOS like you do today, but instead of generating and updating PDF letters you simply click a button to generate a QuickQual and send it out.

CONTROLLED, TRACKED, AND AUDITED

QuickQual keeps a record of each new pre-qualification letter your customers create. If you need to expire a QuickQual or revoke access, QuickQual gives you the control to do so.

COMPANY & LOAN OFFICER BRANDING

QuickQual is completely customized with your company's branding, pre-qualification letter template, and the loan officer's picture and contact information.

LOAN OFFICER CONTACT

QuickQual users get a free digital business card with your contact information for your agents and borrowers to easily reference and share.

Key Benefits

Mortgage lenders spend money to find the customers and spend money on credit reports to pre-qualify them, then just send them off with a piece of paper and hope they come back when they find a house. With QuickQual borrowers stary engaged throughout the entire home search so that your pre-quals convert to your mortgage applications.

Product/Service details