Home >> News >> Government >> LenderMobile Launches BorrowerMobile iPad App
Print This Post Print This Post

LenderMobile Launches BorrowerMobile iPad App

Mortgage loan app developer ""LenderMobile"":http://www.lendermobile.com/ announced the iPad launch of BorrowerMobile, a borrower-facing app designed to let borrowers check loan information directly from their devices.

[IMAGE]

The app is intended to complement LenderMobile's loan-officer facing LenderMobile+ app that lets borrowers fill in 1003 mortgage applications from their iPad and electronically sign the application directly on the screen. BorrowerMobile features the same functionality as well as the ability to check loan status and mortgage rates, among other information.

The app also includes a rate alert feature that lenders can set up for borrowers, letting them know on their iPad when rates hit their desired target.

With a monthly subscription, lenders using BorrowMobile or LenderMobile+ can order services from third-party vendors and submit loan documents to their LOS.

""The latest trend has been to make the loan process more transparent while giving borrowers more power to check their loan status directly without having to go through a loan officer for an update,"" said Lovina Worick, VP of business development at LenderMobile. ""The BorrowerMobile app enables a lender to provide loan status using any or all of their requirements on what to show and what not to show to the borrower.""

""We see the value here. If you reduce the time a loan officer is spending giving borrowers their loan status, you increase the time he or she can look for new business opportunities,"" Worick added. ""The sky is the limit when it comes to designing an app for customer needs. The nature of mobile technology lends itself to customized solutions.

California-based LenderMobile is a part of PGB Solutions, a technology consultant and custom software developer for the mortgage industry.

x

Check Also

Single American Homeowners Becoming More Prominent in 2024

No partner? No problem. A new survey from Pennymac revealed that while down payments are more expensive for single Americans buying a home, more than half of respondents believe waiting to get married or a significant other to buy a home is and outdated idea.