Success as a Mortgage Loan Officer or Realtor is often determined by one’s ability to offer specific and relevant information to the client faster than the competition. Using LenderLogix’s Property Geocoder App, mortgage and real estate professionals can quickly and efficiently check specific addresses and locations to determine CRA and USDA mortgage loan eligibility. Enter any address IN ANY FORMAT and we’ll find it, quickly and accurately, regardless of formatting (Drive vs Dr. etc.) Armed with this information, loan officers and realtors can prove themselves as informed, resourceful and customer focused to their clients and referral sources.
Just enter the specific property address or select “Search My Current Location” and LenderLogix immediately returns:
• The CRA Income Tract – Whether LOW, MODERATE, MIDDLE or UPPER as determined by US Census Bureau Data • USDA Eligibility – Whether YES or No in determining if the specific home is eligible under USDA’s Single Family Housing Guaranteed Loan program • SONYMA Target Area Eligibility (New York only) – Whether YES or NO in determining if the specific home qualifies for financing under SONYMA’s Target Area guidelines
With the ability to check property eligibility directly from their smartphone, Mortgage Loan Officers can now:
• Immediately inform customers of financing options, thus developing rapport and reducing phone calls • Inform Realtors of financing options by commenting on Facebook and Twitter Real Estate listings, thereby driving traffic back to the loan officer’s social profile • Establish themselves as an informed, helpful partner with their referral sources
Real Estate Agents can now:
• Check financing eligibility while INSIDE a home for a showing or listing appointment and win listings by establishing yourself as more informed than your competition • Advertise listing as being “CRA Eligible” or “USDA Eligible” thereby making the home more attractive to potential buyers • Give homeowners the ability to make informed decisions about their financing options when considering making an offer on a specific home
LenderLogix is committed to improving the mortgage process by driving collaboration between Mortgage Lenders and Real Estate Agents. Learn more by visiting us at lenderlogix.co and follow us on Twitter @LenderLogix