Mortgage Automation Software provider Floify yesterday announced the launch of their new Disclosure Desk, which allows lenders and compliance teams to streamline the entire disclosure process from within their Floify account.
Floif's main product is a mortgage solutions SaaS platform that streamlines the mortgage process by providing a secure communication and document portal between lenders, borrowers, referral partners, and other mortgage stakeholders. Loan Originators use the platform to collect and verify borrower documentation, track loan progress, communicate with borrowers and real estate agents, and close loans faster.
Floify said it launched Disclosure Desk in response to overwhelming demand from lenders for a more efficient and accountable way to manage the disclosure process and stay compliant with new federal regulations.
“The process of requesting, collecting, tracking, and securing borrower disclosures has remained a very manual process, often requiring dedicated teams to ensure strict compliance,” said Dave Sims, Floify CEO. “Floify’s Disclosure Desk simplifies the disclosure workflow between the borrower and lender, saving hours per loan and providing an elegant, modern experience for disclosure desk associates and borrowers.”
Lenders can track their disclosure doc requests in their disclosure desk, get time-stamps on all borrower communications and signatures, and can easily see the disclosure status of all loans in their pipeline. Once approved, disclosure packages are securely integrated with the lender’s LOS.
“Floify’s Disclosure Desk helps our compliance managers and loan originators ensure loan quality and protect closing timelines”, said Casey McGovern, Bay Equity President and Chief Production Officer. “It also provides our teams with a low-cost, high-impact solution for efficiently managing disclosures.”