Category Archives: Uncategorized

Apps that Help Scope Out Listed Homes for Buyers

A 2013 National Association of Realtors (NAR) and Google survey found that 68% of people looking to buy a home found themselves using one or another of today’s popular mobile apps at some time during their odyssey. 2013 was ancient history in terms of the ascendance of mobile devices, so you’d have to guess that today’s percentage must be well north of that. It’s not surprising, since Google Maps (or one of the navigation programs built into many new autos) is becoming so indispensable for locating unfamiliar addresses. Most of the time, realtors accompany clients on tours of the listed homes in town they’re interested in checking out; but there are other occasions when they do some investigating on their own. With the sheer number of apps designed to aid in...

App-based end-to-end digital mortgage solution

eLucid Lending announced the release of the eLucid™ 2.0 mortgage app for iOS. eLucid™ 2.0 app is an end-to-end digital mortgage solution that enables users to apply for and manage a mortgage with simplicity and transparency. WebFactorE developed the concept, designed the process and interface, then managed development of the app. eLucid™ 2.0 enables users to take control of their mortgage experience so they can make their best mortgage decisions. It provides a convenient dashboard that allows users to monitor key mortgage factors including credit, property values, and interest rates. Users can drill down into details such as credit history, factors affecting their credit, and recommendations for repairing credit; property valuation and tax assessments for their current or proposed home; and current interest rates for popular mortgage products, as well as...

Simplifying Mortgage Choices for Consumers

WebFactore recently developed an innovative tool for its client, PrimeCap Lending, to enable home buyers to find and choose a mortgage. The Loan Wizard™ is the world's first mortgage product preference engine. It enables users to receive loan recommendations based on their personal preferences and individual scenario. Upon accessing the Loan Wizard™, checkboxes enable users to answer a short list of multiple choice questions. The questions are designed to determine customer preferences and qualifications. The Loan Wizard™ matches the answers to a full range of mortgage programs to identify personalized recommendations for each user. “The new Loan Wizard™ is helping our bank make the mortgage process simple for our borrowers. By enabling borrowers to better understand their loan options, we also make the process transparent,” said Sheila Smith, PrimeCap Lending's Vice...

Using mobile tech to take mortgages door-to-door

WebFactorE developed a unique concept combining mobile technology with door-to-door sales for its client, PrimeCap Lending. The @Home™ program brings the lender to consumers in their homes to initiate loans. @Home™ was designed for people who want to refinance their homes but can’t afford to spend hours at the lender's office. The @Home™ program delivers a representative to the consumer’s home prepared with personalized financial data that illustrates the potential savings available by refinancing. During their visit, @Home™ representatives assist consumers as they apply for a loan, upload supporting financial documents, and digitally sign documents - all without going to the lender's office. Making this unique service possible is the @Home™ app. Each @Home™ representative carries this proprietary application on a 4G wireless tablet device. It enables them to present financing options,...