SettlementOne Credit, one of the nation’s largest suppliers of mortgage data products and services, today presented RediQual, a cloud-based, real-time, mortgage application platform. RediQual combines a mortgage pre-qualification short form, a complete 1003 mortgage application and automatically generated, fully-compliant disclosures.
“RediQual brings sophisticated origination technology to the mortgage industry,” says Jevin Sackett, Chief Executive Officer of Sackett National Holdings. Sackett National Holdings owns and operates companies which provide a variety of technology-based products and services for the automotive, financial, employment and energy industries. “Utilizing today’s cloud-based online technologies, RediQual replaces the tedious paper-based application process with one where consumers can apply at times that are convenient for them. RediQual helps consumers connect early with lenders who are keen to help guide these potential customers through the lending process.”
Convenient, 24/7 Access for Borrowers
Today’s consumers want to be able to begin the mortgage application process 24/7, at a time and location that is convenient for them. RediQual provides easy-to-use mortgage tools that potential borrowers can access from any computer, and gives them the flexibility to update their application as they gather their personal data.
Lenders can integrate the RediQual online sales channel directly into their website, where it can seamlessly integrate with their existing loan origination system. RediQual gives immediate, real-time capture of prospective borrower information for prompt follow-up. It allows lenders to start a dialogue with qualified borrowers early in the home buying process and manage all of their applicants through an easy-to-use dashboard.
“RediQual dramatically reduces the time potential borrowers need to spend online to get the mortgage process started,” says Jim Crichton, Senior Vice President of Sackett National Holdings whose SettlementOne Credit oversees the distribution of RediQual. “Before RediQual, consumers often had to submit all their data and personal information in a single online session or worse, had to complete an outdated paper application form.” By leveraging real-time credit reports and self-reporting, the pre-qualification short form takes less than three minutes to complete. Once registered online, potential borrowers can then access RediQual anytime - from anywhere.
Convenient, Powerful Technology for Consumers
Through intelligent design and software-as-a-service technology, RediQual borrowers are able to easily connect with loan officers via chat, phone or email to get assistance during the application process. As prospective mortgage loan borrowers complete online applications, fields are automatically populated, reducing the time it takes to complete the forms and enhancing the experience for users.
Tiered Pricing for Financial Institutions
RediQual was created to offer extreme flexibility and convenience, with tiered pricing solutions that allow lenders of all sizes to efficiently manage mortgage loans applications and borrower data without unneeded products or services. Pricing tiers are based on an institution's loan volume size and added features. While the basic RediQual product focuses on pre-qualification, RediQual Plus includes a web-based application that streamlines the 1003 form. RediQual Advantage automates the loan disclosures process to comply with regulatory requirements.
For more information, visit www.RediQual.com
As one of the nation’s largest suppliers of mortgage data, SettlementOne Credit provides financial institutions and consumers with secure, efficient and cost effective solutions that streamline the mortgage lending process. For more information, visit settlementone.com
About Sackett National Holdings Inc.
Sackett National Holdings, Inc. is a leading provider of information, technology and data services. For nearly 20 years, financial institutions, Fortune 500 companies and consumers nationwide have turned to companies owned and operated by SNH for products and services such as mortgage applications, credit reports, valuations, background screenings and affordable energy. Using the latest technologies, SNH specializes in creating cost-effective products and services that enable partners in the automotive, energy, mortgage, finance and employment industries to better serve the needs of their customers. SNH’s entities include National Credit Center, Sperian Energy and the SettlementOne family of companies consisting of SettlementOne Credit, SettlementOne Valuation and SettlementOne Screening. For more information, visit snhinc.com