FAQs
What is LoanFront?
LoanFront is a Consumer Direct Origination (CDO) system. It allows your customers to access fully priced rate/term refi loans right on your website. Each loan is presented with closing costs and escrows, markups and pricing adjustments, and live interest rates from your selected investors. With LoanFront you can finally connect your existing website to your loan origination process.
What can LoanFront do for my business?
More apps. Better information. Happier customers. Increased profits. With LoanFront, you can use your resources more effectively, letting the system spend time educating customers about their options while you focus on the most promising opportunities. It makes you ultra-responsive, changing markups or closing costs loan-by-loan as conditions change. And it offers you a powerful marketing edge that leverages all of your existing campaigns. Add the link to your online loan officer in your next ad or flyer and you are all set.
How much does it cost?
Pricing is tailored to your needs based on how many states you employ LoanFront in and how many rate feeds you choose. There are no hidden charges, your fee also includes all hosting, setup, maintenance, server administration and monthly monitoring.
Are long-term contracts required?
No. The term is month to month. You may discontinue at any time with a 30 day notice.
Does LoanFront require access to our website or systems?
No. LoanFront does not access any of your systems.
How long is initial setup?
Typically within 5-7 days, depending on configuration.
How do we access completed loan applications?
You can view applications online, print them out, or export the data into CSV files to use with any of your existing systems. There is also a template set up for Point allowing easy export/import into Point.
Can we use LoanFront nationwide?
Yes. All 50 states plus Guam, Puerto Rico and the Virgin Islands.
Is the application data provided to third parties?
No. The information collected is not available to any other party for any other purpose.
Can we adjust the escrow account reserves?
Yes. Defaults can be adjusted depending on your company's escrow reserve policy.
Are Fannie Mae LTV/FICO adjustments included?
Yes.
How can I find out more?
The best way to learn more about LoanFront is to request a no hassle online demo and see it in action. To request a demo, CLICK HERE.