The global collective experienced significant turbulence during the pandemic years. As the world population was forced to press pause on many of life’s biggest milestones, innovation took hold and companies found new ways to conduct business through the digital landscape. For the mortgage industry, the dash toward virtual solutions and reliable fintech was crucial to reigniting the journey for hopeful home buyers.
For Flueid, the mission to deliver a digitally accelerated real estate life cycle began long before the pandemic push – nearly 30 years ago, in fact. Back then, the tech craze was booming, and the company’s founders recognized an opportunity to bring data and technology to the industry. Today, the goal of streamlining real estate transactions from start to finish remains the same – especially as U.S. homeowners find themselves enjoying approximately $27.8 trillion in home equity.
With its innovative SaaS platform, Flueid Decision, Flueid brings robust data and analytics forward to jumpstart the loan life cycle, enhance the underwriting process and support a frictionless lender-borrower journey during one of life’s major moments. Designed to fuel lenders’ existing core operating systems and increase pull through in existing pipelines, Flueid Decision aims to provide an exceptional borrower experience every time that can adapt to any cycle – like today’s home equity market.
Lenders can feel confident knowing that the components of their loan applications are completed correctly thanks to the insights Flueid Decision delivers on both the borrower and the property. This allows lenders to instantly vet the consumer, lock in the a competitive rate and schedule the signing on most loan files with ease.
Although legacy platforms typically focus on one decision and one customer type, Flueid’s engine is built to be extensible to all market cycles and transaction types. This ability to customize means customers, including lenders, title agents, underwriters, servicers, brokers, investors and more, can seamlessly tackle everything from home equity and refinance to purchase transactions, as well as support a frictionless loss mitigation process.
Flueid’s unique technology enhances the loan origination process so every party in the lending transaction has the data and insights needed upfront, removing unnecessary surprises that have historically extended the lending process. In fact, Flueid Decision has already reduced cycle times by five to 11 days or 24% within the loan underwriting process. And pull through rates have experienced increases to 80% or more because Flueid Decisions helps lenders:
- Immediately prioritize a lender’s transactions into a Clear to Schedule Signing pipeline
- Illuminate alerts and exceptions to review and assign the right workflow and staffing upfront
- Identify loans immediately that would later fallout in the life cycle, saving time and money
Already adopted by 50 companies globally, multiple Fortune 500s and five of the top 20 national lenders, it’s no surprise that Flueid Decision has fueled more than 1 million transactions since its launch in 2020 and processed nearly $209 billion in loan volume by 1H 2022.
Contact [email protected] to learn how Flueid can help you enhance current loan underwriting processes by plugging into existing core systems and ultimately, better serve the consumer.