Loan tape analysis to increase FHA footprint for retail lending
Identifying FHA opprtunities in the MSR to help retail loan officers
Solution
Utilizing current rate data and FHA Streamline Eligibility criteria, the analytics tool pinpoints potential refinancing opportunities. It calculates the net benefit for borrowers by considering Mortgage Insurance payments over the loan's duration, ensuring tailored recommendations that fit individual financial situations.
Result
Target lists produced by the system are forwarded to loan officers, equipping them with detailed insights to effectively engage potential clients. With access to pre-computed benefit calculations, loan officers can clearly communicate the advantages of refinancing, thereby facilitating informed decision-making and enhancing borrower satisfaction.
Optimizing Broker Performance