POS provider Floify launched a one-stop lending platform for brokers, Floify Broker Edition.
The platform is built on the foundation of the Floift POS platform and features rule-based automation to promote efficiency. It also provides a borrower-friendly interface that boosts application pull-through.
Floify says brokers can use Broker Edition in place of a traditional loan origination system or add it to their preferred list of products.
“Floify Broker Edition is born out of a deep understanding of the unique challenges faced by mortgage brokers, which include juggling a burdensome administrative workload, regulatory compliance, and multiple technologies with minimal support,” said Floify President and General Manager Sofia Rossato.
“The platform is designed to make mortgage lending easier and more cost-effective while enabling mortgage brokers to provide a sleek and intuitive loan management portal for borrowers.”
Broker Edition offers mortgage call reports functionality to ease compliance requirements, a dual automated underwriting system through which brokers can order AUS findings from Fannie and Freddie, and PPE integration that syncs borrower 1003 data.
United Wholesale Mortgage broker partners can electronically submit loan applications to UWM through the system.
“Brokers deserve access to the same quality tools as their enterprise lender colleagues and Floify Broker Edition provides exactly that. We are proud to offer a complete lending platform that makes financing homes easier for brokers and the borrowers they serve,” Rossato said.
Colorado-based Floify, a subsidiary of Porch Group, streamlines the loan process through its digital automation solution, providing a secure application, communication, and document portal for lenders and borrowers.
It launched a verification of income and employment waterfall technology in September, helping lenders and brokers save time and reduce costs during the loan origination process.