BOULDER, Colorado (PRWEB)
December 07, 2021
Floify, the leading mortgage point-of-sale solution and subsidiary of Porch Group, Inc. (âPorchâ) (NASDAQ: PRCH), today announced the integration of Freddie Mac Loan Product AdvisorÂ® (LPASM) with the Floify platform, offering simultaneous access to the two largest automated mortgage underwriting systems (AUS).
The Floify platform takes advantage of automation to increase the efficiency and speed of the mortgage creation process. Through the partnership with Freddie Mac, users of Floify + and Floify TPO will be able to run loan eligibility results on LPA, Fannie Mae Desktop Underwriter (DU) or both simultaneously and download a variety of report types. LPA from AUS results. The addition of LPA integration to the current Floify offering provides brokers and Third Party Loan Originators (TPOs) instant access to eligibility terms through LPA and DU, reducing bottlenecks and ongoing charges, offering a benefit to Floify users.
âThe inclusion and integration of LPA into our platform gives our users unprecedented access, accuracy and speed in a complex system,â said Dave Sims, CEO of Floify. “We are building the next evolution of the mortgage, driving innovation in an outdated space. With Floify, we seek to reduce friction between lender, broker and borrower, and the integration of LPA demonstrates our commitment to create a better mortgage solution and origination process. “
Along with the integration of LPA with the Floify platform, the company also added âApply Nowâ entries to increase the accuracy of LPA-specific eligibility results.
âFloify’s innovative approach to mortgage automation and the positive impact they have had on our industry make them a trusted natural integration partner,â said Christina Randolph, Freddie Mac Single-Family Director, Partnerships and Integration, âExpanding ourabilities within cutting edge digital lending platforms will further improve the home buying process and our mission of making home possible.
Floify is a digital mortgage automation and point-of-sale solution that streamlines the loan creation process by providing a secure application, communication and document portal between lenders, borrowers, referral partners and other stakeholders in the mortgage industry. Lenders use Floify to collect and verify borrower documentation, track loan progress, communicate with borrowers and real estate agents, and close loans faster. Floify is based in Boulder, Colorado. For more information, visit the company’s website at floify.com.
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