Floify New Features List

Recent Feature Releases in Floify

Floify strives to provide cutting edge tools to streamline your business, making the loan process easy for lenders and borrowers alike. With the ebb and flow of the loan markets you work in, so changes your business. Floify is set to provide you with answers and solutions wherever you might need. Read below to see information about our newest and exciting features.

 

 

Fall 2023

Lender Price Product & Pricing Engine

  • Floify's integration with Lender Price will allow for you to quickly search for up-to-date product and pricing to present your borrowers with accurate and timely loan information.
    • Real-time access to a comprehensive range of mortgage products and their pricing option, increased day-to-day efficiency, speed, and costs. 
    • Brokers can take a loan app and it seamlessly integrates 1003 data into their pricing engine. No exporting files, logging in to a new system, re-entering data, and then emailing results. It’s all in one platform.
  • Read more about this feature here: Lender Price

 

Mortgage Call Reports (MCR)

  • Floify's Mortgage Call Reports (MCR) will help you kick start your NMLS reporting each quarter. Floify can produce the MCR spreadsheet populated with the pipeline data as well as will supply a RAW DATA pipeline report for your reference. Designed to simplify and accelerate the NMLS reporting process, Floify's MCR empowers users to quickly and easily generate the required mortgage call report spreadsheet, pre-populated with the quarter's essential loan data.  With this feature, you are able to export separate reports for any year and quarter as well as each state the broker holds licensure.

  • Read more about this feature here: Mortgage Call Reports

 

 

Summer 2023

Revamped Pre-Approval Functionality

  • One of Floify's cornerstone features, our Pre-Approval Letter tool, was expanded to allow you and your partners to send out letters to people who need them when they need them. This functionality greatly improves the workflow for lenders, realtors/partners, and borrowers
  • Read more about this feature here: Generate a Pre-Approval Letter (New Version)

 

Spring 2023

Multi-Factor Authentication (MFA) Requirments

  • Floify is excited to provide this security enhancement to keep your data as safe as possible. Multi-factor authentication is required for all Floify users due to recent regulatory changes. This will prompt a user when logging in via a new device or browser to provide either a code either sent via email or text message depending on the settings enabled for that particular team. Company Admins have the ability to reset this for their users.
  • Read more about this feature here: Multi-Factor Authentication

 

Import URLA data from an LOS file to create a new prospect

  • This gives LO teams the ability to get 1003 data into a new Floify loan application by pulling from an existing LOS file when creating a new prospect. When the borrower opens the application generated, all they need to do is review the information, make any changes necessary, and submit. This will be available for Encompass, MeridianLink, LendingQB, & Byte LOS integrations only.
  • Read more about this feature here: Create a Prospect from the LOS 1003

 

Copy documents to another loan

  • When enabled, LO Teams will be able to select and copy loan docs from a specified loan into another existing loan flow.
  • Read more about this feature here: Copy documents to another loan

 

Dual AUS with Desktop Originator (DO)

  • Floify's Dual Automatic Underwriting System (AUS) includes both Freddie Mac's Loan Product Advisor (LPA) and Fannie Mae's Desktop Originator (DO). These systems seek to answer whether or not the loan is saleable on the secondary market and will answer approved or not approved. With Dual AUS, our customers can complete all tasks in Floify’s application needed to close a loan. 
  • Read more about this feature here: Dual AUS with Desktop Originator and Loan Product Advisor Integration.

 

Fall 2022

Dual AUS

  • Floify's Dual Automatic Underwriting System (AUS) includes both Freddie Mac's Loan Product Advisor (LPA) and Fannie Mae's Desktop Underwriter (DU). These systems seek to answer whether or not the loan is saleable on the secondary market and will answer approved or not approved. With Dual AUS, our customers can complete all tasks in Floify’s application needed to close a loan. 
  • Read more about this feature here: Dual AUS with DU and LPA
  • Floify Blog Post: AUS Blog Post

 

Pre-Approval Letter API

  • This feature will give realtors and lenders the ability to run Floify’s pre-approval letter functionality from any system while still complying with the Floify parameters and permissions set by the LO.
  • To read about and create custom API in Floify, read more here: Floify Developer Portal

 

Task Management: Auto Loan Flow Assignment

  • Every loan has a number of roles, like Processors, Loan Officer Assistants, Closers, etc.
    that are responsible for completing certain tasks at different points in a loan flow. Today,
    lending teams use spreadsheets, diagramming tools, software like Monday.com, CRMs,
    and more just to keep track of these assignments and tasks. Providing a way to assign
    loans manually or based on automation rules within Floify (milestone checkoffs, custom field business rules, disclosure progress, and template doc location) will remove the
    need for external and tedious tracking methods. 
  • Get set up with Task Management by reading more here: Task Management Overview
  • Floify Blog Post: Task Management Blog Post
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