Floify is an exceedingly user-friendly point-of-sale (POS) that is beloved among small and midsize lenders and mortgage brokers. It comes equipped with native features (such as eSigning and electronic verification of employment and income) that significantly reduce costs, as well as easy-to-configure rule-based automations that help lenders and brokers work efficiently and scale with agility in any market.
Floify streamlines home lending with a web-based portal where lenders, borrowers, referral partners and other mortgage stakeholders can collaborate on home financing in real time. Borrowers can submit applications, upload and sign documents, communicate with loan teams and track the status of their loan, all in one place. Lenders and their loan teams can use no-code toggles to configure automated workflows that streamline back-office processes and configure the borrower experience to align with lender service standards.
Floify has been proven to deliver significant cost savings and efficiency gains to its customers. Floify Verify cuts costs by 60%-80% over legacy methods and supports no-cost reverification (such as the 10-day pre-closing verification required for agency loans), shaving up to a week off closing times and reducing the risk of loan buybacks. Because it is powered by Argyle, reports generated by Floify Verify have the potential to receive representations and warranties relief on eligible loan components from Fannie Mae and Freddie Mac.
One lender customer reports saving $30,000 annually in eSigning fees by switching to Floify’s native eSign technology for all signed loan documentation, including disclosures, while another reports that adopting Floify reduced turn times by seven days.
