Floify is a leading provider of mortgage automation software for loan originators which provides a secure communication and document portal between lenders, borrowers, referral partners, and other mortgage stakeholders. The new integration with Jungo enables loan originators who are using Floify to automate their mortgage process and Jungo to manage their customer database to seamlessly…
Digital Mortgages are changing the landscape of Mortgage Banking by enhancing consumer experience as well as cutting down origination costs which has been on a steady rise primarily in the purchase market. Mortgage Lenders can leverage the Digital Mortgage Technology by minimizing human touches in the process without compromising the expected quality keeping in mind…
Mortgage industry being an industry riding on data driven decision making is seeing a paradigm shift in which business decisions are generated different sources rather from a few decision makers. The advent of Big Data and making it available for the C-levels has made this unprecedented transformation possible in the Mortgage Industry. Data in the…
A mortgage lender offering the lowest possible interest rates may not be able to entice the borrowers unless the first touch point – the website is carefully designed to cater to the exact needs of the borrower. Technology Stack for a Perfect Mortgage Website Responsive design Informational content Hassle free Navigation Search Engine Optimised Tools…
In the age of digital mortgages, the entire mortgage operations of loan origination to loan closing to post services which is highly regulated and complex is driven by transparent analytics. Data modeling plays an important role in driving this work flow to make a seamless experience for both borrowers and lenders. Data Models in Mortgage…
According to Fannie Mae the average closing time for a new purchase is 46 days, and 49 days for a mortgage refinance. Common reasons for delays include incomplete loan application, missing documentation, low appraisal, delay in completing underwriting requirements etc. Mortgage companies can improve upon the existing internal processes and workflows using technology solutions that…
Since Loan Origination Software is the most critical application for loan officers, mortgage lenders, processors, underwriters, closers and all others who are involved in the Loan Origination process, the evaluation and selection of LOS is critical for any Mortgage Bank. Here we compare the top LOS software solutions in the mortgage market based on multiple…
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Looking for more information on Front End Mortgage Application or need help choosing the right Front End Mortgage Application for your organization, leave us a message. Contact Us Now Here is the previous post in the Mortgage Front End Applications Comparison series; View part 1 of the Mortgage Front End Applications Comparison – Mortgage Front…
Looking for more information on Front End Mortgage Application or need help choosing the right Front End Mortgage Application for your organization, leave us a message. Contact Us Now Here is the next post in the Mortgage Front End Applications Comparison series; View part 2 of the Mortgage Front End Applications Comparison – Mortgage Front…
Although Jungo is the most powerful CRM software available for the Mortgage Industry, a Mortgage lender or loan officer needs to customize the numerous features in order to suit for specific business needs. Thereby a lender or loan officer can tap the full potential of Jungo to fit into their business model. These are some…
A CRM software if not able to accelerate and streamline sales process is nothing more than a centralized library of contact information. Implementing the right CRM will increase efficiency by helping in converting leads into clients, closing down more loans and automating marketing efforts. Must have features of a CRM system for the Mortgage Industry…
Technology has transformed the Mortgage Industry in unprecedented ways by enhancing customer experience, increasing regulatory compliance and improving overall operational efficiency in the mortgage process. The Mortgage lenders and loan officers have at their dispersal a large stack of technology which they can implement into the mortgage process. The entire mortgage process which can be…
Data Science is disrupting Mortgage Industry in an unprecedented manner and Mortgage banks are investing heavily to build infrastructure and technology to gather data, store them and use the data to extract important insights. The result is a win-win situation for both lenders as well as borrowers. Here are some ways in which Data Science…
In the Digital Mortgage space, lenders are investing heavily to drive in highly qualified sales and ideal clients to gain a strategic upper hand in the brutally competitive space. Email marketing, SEO, Google Adwords Management and Landing Page with unbounce features remains some of the most common methods used by mortgage companies for lead generation.…
Encompass, the flagship mortgage management solution offered by Ellie Mae is the leading Loan Origination System (LOS) which helps lenders to originate more loans, lower costs, reduce time to close, and make smarter decisions. Key Features of Encompass360 Compliance Management Risk Management Document Management Refinance Management Reports and Dashboards Third-party integration and automation Extensive customization…
The widening engagement gap between borrowers and lenders is a cause of concern in the Mortgage Industry. Borrowers with access to the most sophisticated technologies expect a personalized, one-touch, technology driven, streamlined and simple mortgage experience. Lenders with strict regulatory compliance, low rates, complex process and reluctance in adopting newer technology are a long way…
While everyone acknowledges the role of technology in creating a truly Digital Mortgage process, the Mortgage industry is still apprehensive in adopting one of the most innovative technologies available – Blockchain. Mortgage process is highly complex and strictly regulated with multiple participants interacting with each other exchanging data and documents and adding transactions to the…
With technology constantly evolving, borrowers have also evolved embracing technology in every walks of their life. But the lenders have not kept pace with their customers and technology still remains to be an overlooked space in Mortgage Industry especially when other Fintech industries have already made good use of it. Here are some of the…
Jungo built off the popular Salesforce CRM platform has evolved from a basic CRM platform to meet the relentless needs of the Mortgage Industry. Besides the CRM functionalities offered by Salesforce, Jungo apps provides lenders with mortgage specific functionalities designed to increase revenue and promote efficiency. Jungo offers two industry focussed applications in the Mortgage…
Mortgage banks have with them a large database of information secured via loan origination platforms and other website features like contact forms, search patterns. Data visualization proves to be the most efficient way to make the most out of this data which includes demographic data to migratory data. Importance of Data Visualization Ease of finding…
The data accumulated by Mortgage banks via different data points have already run into Petabytes and is still counting. Mortgage banks can either choke on this data or leverage them to form customer centric strategies. These voluminous amounts of data are proving to be a double edged sword for the mortgage banking industry. Challenges…
Encompass360 SmartClient – Installation and Login Instructions This document describes the process of installing the Encompass360 SmartClient, and then logging into Encompass360. Smart Client Installation Before you can log in to Encompass360 for the first time, you must install the Encompass360 SmartClient components. This is a one-time-only procedure. IMPORTANT: “Part 1” of the…
Marketing to Millennials has been an industry buzzword recently; much due to the recent downturn of the economy where marketers looking for specific ways to reach out to customers. Thanks to data available on customer behavior and insights derived from the trends. Marketing to and acquiring millennial customers have significant impact on the future of…
Millennial customer look beyond just filling out an application online, engagement has become an obligation or is expected from the lenders. Customer satisfaction for millennials is directly related to transparency offered in the progression of the origination process. Our solution to this demand is the Millennial deck’s next interface – The Internal Portal. The internal…
The millennial customer is more synonymous with mobile than he or she is with personal computers. The web applications alone won’t complete the Millennial strategy for today’s mortgage lenders. Mobile strategy is a step closer to the millennial minds; applying for loan and tracking it on their mobile devices makes the millennial customer feel at…
Changing business landscapes and stiff competition has made Mortgage banks embrace technology to leverage the large database of client information which ranges from demographic data to migratory patterns. Business Intelligence tools are the latest addition to the arsenal of technological tools to augment decision making process for mortgage banks. Importance of Business Intelligence tools Measuring…
In the previous three parts of the post on Mortgage CRM Comparison, we have looked into comparison of mortgage marketing automation, comparison of mortgage sales automation features and comparison of CRM – LOS integration capabilities and marketing compliance of Velocify, Jungo Salesforce Mortgage App, Infusionsoft and Vantage Productions. This post takes a detailed look into…
In the previous two parts of the post on Mortgage CRM Comparison, we have looked into comparison of mortgage marketing automation and comparison of mortgage sales automation features of Velocify, Jungo Salesforce Mortgage App, Infusionsoft and Vantage Productions. This post takes a detailed look into the Loan origination system integration & Compliance to advertising and…
In the previous post on Mortgage CRM Comparison, we have looked into marketing automation features of Velocify, Jungo Salesforce Mortgage App, Infusionsoft and Vantage Productions. This post takes a detailed look into the sales automation & CRM functions of these four Mortgage CRMs. Looking for more information on mortgage CRM or need help choosing the…
As mortgage techonology consultants, one of the most frequent questions we get is about the best CRM for the mortgage industry, MLOs or Loan officers. It’s tough to make an apple to apple comparison among top CRM, mortgage marketing automation software and sales automation software for the mortgage world. However, a comparison can atleast help…
Loan Origination Software (LOS) Encompass360 Calyx Point Net Oxygen Powerlender License Option Pay as you go plus Loan closed fee. Monthly SaaS (software as a service) pricing model Reduce upfront costs and pay as you go Available on a subscription basis Dashboard management Pipeline management, Configure workflows, Review loans for compliance Out of the…
Global delivery is no longer about the wage difference, its about delivering competent skills when required at the right price. Why global delivery? As the complexity of technological services needed by financial services industry increases, its no longer possible for organizations to search for offshore resources but they need partners who specialize in global delivery…
There are more than enough reasons, you can’t ignore, to automate your business process. From the pressing needs to streamline communication to enforce accountability, avoid financial loss from forgotten payment due dates, approval dead lines or make payment for services or goods you never received, and to develop insights into the evolution and repercussions of…
Making predictions are one of the most challenging, yet an unavoidable task, businesses across industries face all the time. “Big data” and analytics are the solutions to this daunting task, helping businesses to become more effective, profitable, and better at making predictions. Enabling your organization use data analytics capability starts with forming a smart plan.…
Automate your sales process Find out, reach, engage and convert your prospects with the power of intelligent sales automation. Plan every step to engage your customers in the buying cycle. Use sales process automation to increase the efficiency of the customer relationship management. Sales process automation gives the power to know the customer in advance,…
An integrated approach to managing regulatory-driven change The financial services industry faces an increasing amount of legal obligations to meet to provide a sound, efficient and cost-effective environment that ensures organizational integrity and protects shareholder value. TakeFive’s focused approach TakeFive’s Finance, Risk and Compliance (FRC) practice offers integrated solutions to businesses seeking to manage regulatory-driven…
Successful vendor selection for a new core banking platform requires surgical precision. The industry challenge Renewal of the core banking platform is a strategic investment for banks. The momentum for transforming core banking platforms is increasing, as multiple external and internal factors are driving banks to make this change. Replacing your bank’s ‘heart’ is a…
Encompass is a complete, enterprise solution that removes the need to work with multiple software systems to run your mortgage business effectively. Most businesses spend a great deal of time and effort deciding on the software they trust their business on. Encompass360 consulting can be a rewarding business move when it comes to making the…
Encompass360 Administration and setup is one of the core areas for bankers or lenders to keep their Encompass360 system updated, trouble free and evolving to meet the new functional and business requirements. As the lending process is constantly hit by numerous challenges from the government regulations, financial volatility, global economy and a number of other…
Websites become your brand ambassadors, sales agents and data collectors if you are able to add a few enhancements that will better connect and convert. Here is an infographics on some of the must have features and approaches for websites to convert better, faster and cheap.
How to choose the right fit Loan Origination System? This question daunts many CIO’s from small and large mortgage lenders across the country. While there are more than 100 players offering a variety of Loan Origination systems, it is tough to choose one that match your requirements while taking your organization to the next level…
Web has disrupted the way marketing and advertising ever worked. This new medium has opened up new opportunities for advertisers and marketers to reach audience, otherwise could not have even identified, in a number of new ways. And lately, there is another disruption in the way web is accessed, the smartphones and tablets. TakeFive’s infographics…
Global delivery has been an industry buzzword, mainly for low costs and faster results. Take a look at how to apply global delivery solutions to complex finance-technology interface to deliver faster results, reduce costs and improve productivity.
View our infographics on ever rising significance of Business process automation. There is a huge difference between those businesses that automate their processes and those do not. When automated ones enjoys error free environment, faster decisions and more time for customer service and interaction, businesses that are yet to adopt business automation processes suffer from…
The role of Big data and Analytics are ever increasing in every industry. Banking is one of those industries, deriving most benefits. Here is an infographics on the impact of big data on banking;
Here is an infogrpahics looking into Factors reshaping Financial services Industry and how Architecture as a service influences it.
