5 Benefits of PerfectLO Mortgage Loan Software

Those seeking to purchase a home have plenty of assistance, resources and programs available to them to help facilitate the process. So why shouldn’t a loan originator also have resources available to help make your job easier? You’ve probably already been solicited by a number of companies offering you software or other resources to help you perform your daily tasks better, and if you’re a new loan originator in training, some of the offers may seem pretty tempting to take for a test drive. But not all mortgage software is built the same, and some offer little in the way of improved efficiency or a user-friendly interface. Many experienced loan originators have already discovered the benefi

OUT OF OFFICE ASSISTANT- Auto reply

Being a successful LO is demanding but thankfully rewarding. Rarely in my 20 year career was I every able to really "shut it down." My tagline was; "If I'm awake I'm working," which was true, unless I was truly off "the grid." If you want to make more than a Doctor (being a Loan Officer), then you need to out work them. Luckily, technology allows for you to make your own "schedule." I never missed my kids sports games or school plays, however I would check my phone or make calls in between innings. Taking a Vacation? In the 90's LO's in my office would split commissions with other LO's for covering (taking a new application) them while they were on vacation. This approach doesn't work today

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1990- 2000, Loan Officer - Expected hours, 9-5: pay phones, pagers, income ratios were limited to 28/36, manual underwriting, appraisals were hand delivered with photos glued to the paper and took 2-3 weeks to receive, fax machine with rolled paper were cool. No doc / stated loans required great credit and 20% down. PerfectLO would have made the home buying process more efficient. 2000 -2010, Loan Originator- Expected hours, 9-9 : weekend open houses, smart phone, email address, automated underwriting (55% DTI's often approved), biz web page, texting clients, Facebook, Twitter. If you could fog a mirror you could get pre-approved. PerfectLO would have made the home buying process more effici

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