Closing Complex Loans Faster With a Digitized Client Workflow

Join us for a discussion on changes in market demographics, suppliers and how focusing on customer experience and a few simple steps during the mortgage loan process can close deals 3x faster.

Brokers, Here’s Everything You Need to Know About Rocket Pro TPO

Want to stay up to date with the latest on what Rocket Pro TPO is offering its broker partners? Check out our TPO hub for updates and more.

Home appraisal’s ugly history and uncertain future

This is Part I of a deep dive into the home appraisal industry. Today we explore the origins of the appraisal industry and its current lack of diversity.

Loan quality lessons learned from 2020

HousingWire recently spoke with Trevor Gauthier, CEO of ACES Quality Management, about the effects of 2020 on loan quality and what lenders should expect regarding loan quality and risk management this year.

Awards

2020 HW Tech100 Mortgage winner: WFG Lender Services

Helps lenders enhance loan origination efficiency

DecisionPoint helps lenders enhance loan origination efficiency, better manage their pipeline and significantly improve loan closure rates by identifying title clearance challenges upfront. DecisionPoint does this by grading and then estimating the amount of time needed to clear title for each loan at the time of application. DecisionPoint from WFG Lender Services provides automated title decisioning and analyzes property encumbrances and applicant circumstances to immediately project a reliable clear-to-close timeframe. DecisionPoint does this using WFG’s proprietary grading system, which can deliver either a binary “clear” or “not-clear” grade or a tiered grading.

  • DecisionPoint can provide immediate decisioning for the vast majority of U.S. properties and immediate title clearance for more than 30%.
  • Delivers a full, detailed title report within seconds, alerting lenders whether the loan is “clean,” meaning it can close within a matter of days, or needs some measures that will take longer to rectify before a title insurance policy can be issued.
  • Lenders can obtain critical information from borrowers during the initial call, generate loan estimates, obtain borrower consent, thus reducing loan application drop-out rates.

https://wfgls.com

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3d rendering of a row of luxury townhouses along a street

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