Rate Reset offers portfolio mortgage retention software which can save a loan from pre-payment even if it’s three days before closing with another lender. The company’s Payoff Deflector software is a SaaS solution which can be implemented in less than seven days with very limited IT resources required by the lender and no online banking integration required.
Rate Reset produces an encrypted data URL, which will display the customer’s current loan information and an offer/offers from their bank to change the terms on their existing loan. The borrower can proceed with the offer and Loan Deflector will display proper disclosure forms and sign electronically. Once signed, the software updates the core servicing system with the new terms.