LenderLogix is a team of innovators with more than four decades of firsthand mortgage origination and real estate experience that designs customized software and APIs for mortgage lenders. The company’s suite of products — including QuickQual — address how fast today’s real estate market moves and the importance of customer experience. QuickQual is an adjustable pre-approval letter that gives Borrowers real-time access to payment and closing cost scenarios. It also gives Realtors the ability to update letters as needed. QuickQual creates informed borrowers that can act fast, builds strong referral partners and saves lenders time. Aimed to ensure compliance and provide clients with an easier way to pay fees, Fee Chaser automates upfront fee collection with a simple online payment processor communicated through secure SMS and email links.
- QuickQual is used by lenders in 42 states.
- Lenders see an average conversion rate of 60% and an average return of 40% more time in their week by not having to field scenario questions or updated letter requests.
- Borrowers log in 95% of the time they are shared their first letter and log in 22 additional times before their final offer.
- Lenders who use Fee Chaser receive more than 50% of their payments within 15 minutes of sending the request and report capturing at least 10% more upfront payments.