Tech Trends: I talk a lot here each week about what technology you can use to improve your profitability and that’s as it should be. However, you also do business with others in the real estate industry. Why is that important? No company is an island in this space. So, you should look for partners that will offer you a more automated way to transact with them.
This is critical because you can’t waste time. Your borrowers don’t want to waste time on an important purchase like buying a home, so why should your business partners slow you down from helping your clients reach their goals? The answer is, they shouldn’t. Proactive lenders are automating more and more so they can offer brokers and Realtors an automated process, and those are the companies that you should be partnering with.
For example, Legacy Mutual Mortgage (https://legacymutual.com/) has selected LenderLogix’s pre-approval letter generation tool called QuickQual to provide borrowers with a white-labeled, digitally driven entry point into their homebuying experience. LenderLogix (https://lenderlogix.com/) is a provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks and brokers.
“Our customer relationships go beyond a transaction. We want to reach out to brokers, Realtors and borrowers. We look at all of our clients as referral partners and consistently strive to grow our relationship with them,” said Raven Johnson, vice president of business systems at Legacy Mutual Mortgage. “With QuickQual, we’re able to strengthen those relationships with more borrower transparency into their potential mortgage. It also enables our loan officers to handle more transactions at once while staying involved in the borrower’s home search.”
Since 2003, Legacy Mutual Mortgage has been serving the home loan needs of homebuyers, real estate professionals and builders. As a full-service mortgage loan company backed by Texas Partners Bank, Legacy Mutual Mortgage has a vast array of products available to their clients—from conventional, FHA and VA loans to construction, cash-out refinance, jumbo lending and Non-QM products for the non-traditional buyer!
Legacy Mutual Mortgage began in San Antonio more than 16 years ago and has seen exponential growth, opening an array of offices throughout Texas. Office locations also include Austin, Houston, Dallas, Ft. Worth, New Braunfels, Schertz and Boerne; however, the company is licensed to lend in 23 of the 50 states.
With QuickQual, loan officers At Legacy Mutual Mortgage now set parameters within the system based on the borrower’s maximum pre-approved loan amount. From there, borrowers and their real estate agents can generate pre-approval letters on demand and run payment scenarios based on those parameters, thus providing borrowers with a deeper understanding of their capacity to purchase on a house-by-house basis.
“The mortgage lending landscape has been under heavy change over the last few years and especially right now,” said LenderLogix co-founder and CEO Patrick O’Brien. “Updating technology to add more transparency and adapt to consumers’ expectations is a pressure that is only going to grow for real estate professionals. We love helping companies stay ahead of the curve, and it’s no different for Legacy Mutual. Hats off to them for continually improving their partner experience.”
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