Top 5 Mobile AppsTo Simplify the Mortgage for Loan Officers

Wazzup Pilipinas!

As a Loan Officer, you often have your work cut out for you. From evaluating and recommending approval of credit loans to advising borrowers on their financial status and the different loan payment methods available to them.

Thankfully with the rise of more e-Commerce platforms, there are Mobile applications that can help make the mortgage process more straightforward for the loan officer and borrower. These mobile apps also make communication and engagement with borrowers much more accessible and automatically documented.

In this article, I have listed out the top 5 mobile apps that can help simplify the mortgage process for loan officers on the go:

1. Floify

This app is designed for loan originators and mortgage loan officers in mind. Floify is one of the top mobile apps in the industry because of its streamlined and secure process in communication and secure web-based document portal for all mortgage stakeholders. The portal also allows your customers to complete their loan application and sign their consent or agreement electronically. They can also track their application status and receive regular updates in their mail.

Loan officers can use Floify to collect and verify any borrower documentation, including translated documents from top writing service review websites such as Best Writers Online. Stakeholders in each transaction can also track loan progress, communicate with ease so they can close more loans faster. Floify also can be used to keep everyone in the office in the loop, so there is transparency and a smoother turning over of tasks within the organization.

Floify comes with third-party integration such as Slack, Dropbox, Google Drive, DocMagic, DocuSign, Hippo Insurance, Alliance2020, etc. Though there isn't much room for you to customize the app, it has most of the features you would need, so that isn't such a big problem.

Pricing:

●        Business Plan: $59 per month

●        Team Plan: $225 per month

●        Enterprise Plan: Contact the vendor

Available on both Android and iOS

2. Loanzify

Loanzify is an excellent mortgage app that deals only with home mortgages. This app allows you to customize it to suit your mortgage needs, and provides other features to explore loan options, calculate your future mortgage as it takes you through the whole mortgage process. 

This app is particularly great for calculating monthly mortgage payments accurately. Loanzify walks you through the entire number process using different mortgage calculators, gives you mortgage content that is both educational and interactive, and also gives you instant access to your loan officer. Other features on Loanzify include; Private Mortgage Insurance, HomeOwners Association taxes, Hazard Insurance, and Property Tax components.  

You can also get professional advice and updates from your loan officer via direct messages and quick notifications. There is an interactive Checklist that helps stay on track with the loan, keeps you informed on Mortgage News and trends. You can also scan and upload your loan documents securely to your loan officer.

Loanzify comes with a seven days free trial period.

Pricing:

●        Basic: $19.99 per month

●        Deluxe: $29.99 per month (Billed Annually or $39.95 monthly)

●        Enterprise: $29.99 per month (Inquire for Pricing)

Available on both Android and iOS

3. My Mortgage: Mobile

 Academy Mortgage designed this mobile app as a tool to simplify the home buying and lending process. Whether you are a potential home buyer, a loan officer or a current homeowner hoping to speed up the process for your clients, this app comes with a ton of features that will make

 your mortgage processing is secure.

This app comes with a loan comparison feature that uses multiple lending scenarios and loan programs to help determine which product is the best for you. It also calculates the possible savings (or cost) of refinancing your mortgage and determines if homeownership is an affordable option for you based on your current income and monthly expenses.

My Mortgage: Mobile gives you the option to scan all your mortgage documents to your mobile device and upload them with ease for a quick loan approval process. You can access your contact information of your Loan Officer and real estate agent and share this information with your family and friends with ease. You can also ask your loan Officer any questions concerning your loan and the approval process.

Pricing: free

Available on iOS

4.  Key Mortgage Loan Tracker

Key Mortgage Loan Tracker app is designed by Key Mortgage, and it offers mortgage customers an easy way of interfacing with their realtor and loan officer. The app can provide loan information and status, send notification reminders for important dates, set up a chat, provide all the essential details of the loan process. It has a Mobile Capture Technology that enables you to securely upload documents, view, and download them with ease.

Using the app, loan officers and realtors will stay connected to their clients, starting from the initial loan application through closing. The app will also be able to provide immediate loan process updates through their mobile device. Every important detail of the transaction will be available on the go to all parties involved.

Another great benefit of the app is that it alerts the entire team when the closing disclosure is made to the homebuyer. The app also alerts you when you reach crucial benchmarks on a mortgage procedure.

When a potential homebuyer applies for a loan with Key Mortgage, a personalized and secure link to the app is sent to them. The link has all the contact information and communication channels for their entire real estate team. From the transaction of the loan to the closing stage, all parties involved will receive notifications for due dates and benchmark events. These benchmark events include:  

●        when the application starts;

●        when the order for an appraisal given;

●        when it is assigned for underwriting;

●        when it has been approved with conditions;

●        when it has been given final approval;

●        the date for commitment;

●        estimated closing date;

●        closing disclosure, and;

●        the loan funded.

Pricing: free

Available on both Android and iOS

5. Karl's Mortgage Calculator

This app is a great mortgage app for calculating mortgage payments, principal, interest, and term. You can key in a down payment amount or percentage, and then the calculator works up how much mortgage you require.

It has a simple interface that is user-friendly and shows you the progression for your monthly payment. The progress is based on factors such as the additional monthly or annual loan costs of your Private Mortgage Insurance, HomeOwners Association taxes, and insurance. The calculator gives you a Fixed and Adjustable Rate Mortgages (ARM) loan with multiple interest rates.

You can pay off your mortgage early with extra payments, with the customized option of a one-off, monthly, or extra annual fees. You also enter multiple additional payment amounts and payment periods, and then the calculator will give you an estimate that you can save on the loan.

The calculator also allows you key in multiple currencies and displays results in the keyed in currency.

Pricing: free

Available on both Android and iOS

Conclusion:

Aside from these mobile apps listed, there are a ton of other great mobile apps you can find on Google Play Store or the App store, to help make your job as a mortgage loan officer a lot easier.

Pasig Vice Mayor spearheads special Covid-19 auction

Wazzup Pilipinas


Vice Mayor Iyo Caruncho-Bernardo spearheads special auction to help fund COVID-19 fight

With the COVID-19 pandemic changing the lives of many Filipinos, those in Pasig City have found solace in the ability of their top public officials to find innovative ways to meet the challenges of caring for and protecting their constituents.

Vice Mayor Bernardo started the “Sneakers Auction for a Cause” last March to help meet the need for personal protective equipment, hygiene kits, food packs, and other essential items for Pasig City’s frontliners and less-fortunate families.

Two months since its inception, the auction was able to raise P340,000 to help the COVID-19 prevention efforts of the city. Encouraged by the public’s support, Bernardo decided to expand the auction’s selection to include sports memorabilia and other valuable items to attract people with different interests and passions.

“Marami po ang nagtulong-tulong para mas maraming matulungan ang “Sneakers Atbp. Auction for a Cause.” Nandiyan po ang mga kilalang legends and players mula sa PBA at UAAP, ang Sneaker Aficionados of the Philippines, mga vloggers, broadcasters and celebrities, si Senator Manny Pacquiao, mga private individuals, companies and organizations mula sa iba’t-ibang lugar ng bansa, at mga kapwa Pasigueño na nagpamahagi ng kanilang blessings,” the vice mayor said.

(Many pitched in to help the auction. Among them were famous legends and players from the Philippine Basketball Association and University Athletic Association of the Philippines, Sneaker Aficionados of the Philippines, vloggers, broadcasters and celebrities, Senator Manny Pacquiao, private individuals, companies and organizations from different parts of the country, and fellow Pasigueños who shared their blessings.)

“We want to invite more people to share their blessings so we can buy more food and essential items to meet the needs of our constituents during the course of the COVID-19 pandemic. The donors and the people who have purchased the items have made a big difference in the lives of many Pasigueños,” he added.

In the coming days, Vice Mayor Bernardo will be auctioning off his Kawasaki Vulcan S-650 and Giant Talon Mountain Bike through his Facebook account for the benefit of cancer and dialysis patients and “Heart Warrior” children.

“Bukas po para sa lahat ng gustong sumali ang ating auction. Umaasa po ako na mas marami pa sa ating mga kababayan, nasa Pilipinas man o nasa ibang bansa, ang makikilahok at tutulong sa ating mga programa para maibsan at malagpasan ang pahirap na dulot ng COVID-19,” he said.

(The auction is open to everyone who wants to join. I hope that more of our countrymen, whether in the Philippines or in other countries, will participate and help our programs to ease and get past the hardships brought by COVID-19.)

To get updates on the auction, follow Vice Mayor Bernardo’s Facebook and Instagram accounts, or get in touch with him through cell numbers 0917-796-3813 or 0916-731-3924.

Exquisite Works and Objects of Art to be Auctioned Online at Leon Exchange XV

Wazzup Pilipinas!

Leòn XV is the online auction of León Gallery. This is the 15th edition under the Leonexchange platform and will be held on May 30 and 31, 2020 (Saturday and Sunday) starting at 11AM.  All bidding will be purely online at www.leonexchange.com.
 
Highlights of the auction include several beautiful furniture pieces and objects of art. For French designer Philippe Starck, brilliant design should improve people’s lives in a way that it should not compromise an object’s usefulness. He gained an international reputation for this populist vision for design and his masterful addition of elements of humor and surprise in his interior and product designs. An innovative visionary, he aims to push the limits of contemporary design by making it certain that inventiveness must not overshadow the essential qualities of a product. Through the years, he has made more than 10,000 designs in which one can see his preference for not just the inclusion of subtle, playful details, but also for fluid, organic forms. He also opts for sustainable, eco-friendly designs.

A part of the Golden Age of modern Danish design, Hans J. Wegner is one of the most prolific and innovative Danish furniture designers. Also called the “Master of the Chair,” Wegner produced almost five hundred chairs in his lifetime. He is behind the iconic Wishbone Chair that is still being produced since 1950. He began his apprenticeship when he was just fourteen with another renowned Danish cabinetmaker H.F. Stahlberg. He then moved to Copenhagen to study in the School of Arts and Crafts from 1936 to 1938. A modern cabinet from his design studio is included in the upcoming auction.

This elegant and timeless Ah Tay boasts all the attributes of a truly unique and enduring classic. The name Ah Tay is one that holds almost universal acclaim amongst antiquarians, social historians, and ardent antique hobbyists. While the name can be confidently attributed to a workshop in Binondo, Manila that churned out quality and masterful works between 1860 to 1920, certain information, especially those surrounding Ah Tay’s full name and background were lost to the vagaries of history. The elder Ah Tay’s son, Eduardo Ah Tay, attempted to continue his father’s legacy throughout the American colonial period, but failed to adopt the inherent spontaneity of his father’s oeuvres. Ah Tay furniture is known for their impeccable craftsmanship and meticulous design, elevating them to symbols of status and regalia for the rich, powerful and popular. Collectors queue up with a checkbook in hand, ready to cough-up a considerable amount in order to gain the privilege of viewing the exquisite piece at their own pleasure. This particular piece has all the hallmarks of a genuine Ah Tay aparador, from its seamless Chinese-style joinery, to its faultless proportions, and its extremely fine yet palpable details. This aparador also boasts an early art nouveau style, a school of art that heavily draws from our natural surroundings.

Another highlight is the mesa altar or the Christian altar table, an important Roman Catholic image and was also one of the earliest pieces of Spanish-Filipino furniture. In Bulacan, a furniture-making tradition flourished from around 1800 until after World War II. The furniture designs were European neoclassical, the woods used were golden narra and kamagong, and the decorations were carabao bone, kamagong or mother-of-pearl inlays. Bulacan, produced this type of neoclassical, bone-and kamagong–inlaid mesa altar with a bow front, three drawers, and four square. The general look is reminiscent of an English / American Sheraton-type sideboard and that was why local antique dealers and agents termed such pieces as “Sheraton.”

Some of the most sought after works of art by these prolific artists will go under the hammer. Betsy Westendorp, known for works that have atmospheric, dream-like sceneries with a tone of tranquility and seascapes with elements such as flora and fauna; Jigger Cruz, whose shocking use of color and defacement create powerful abstractions; Juvenal Sanso, the Filipino-Spanish master acclaimed for his highly evocative impressionistic landscapes; Nemesio Miranda, Considered the creator and forerunner of the Imaginative Figurism school of art and a pioneer  to the philosophy of expression rather a strict and regimented technique; and Augusto Albor’s use of space, the sparseness of presences, and an apparent attitude towards art as objecthood for a visually purifying and minimalist experience

These visual masterpieces complete the array of collectibles on the block alongside alluring jewelry, crystal and silver pieces, chinoiserie, fine China, coffee table books, and rare photographs for a truly complete and exciting sale. 

“One can indulge his or her taste for the beautiful items at various price points at the upcoming online auction and all that from one’s armchair or boudoir. The online auction gives clients the convenience of bidding through their mobiles, tablets or laptops, without having to trek all the way to where physical auctions happen,” Leòn Gallery Director Jaime Ponce de Leon. This convenience makes online auctions at lower starting bids—but no less fabulous pieces—trending.

It’s as simple as going to www.leonexchange.com to view the lots and register as a buyer. Visit www.leon-gallery.com or contact info@leon-gallery.com or call 8856-2781 for more information.