Clients need to understand their employment history is a piece of the mortgage application puzzle.
As a mortgage broker or mortgage loan originator (MLO), you have a lot on your mind: building your business, making current customers happy, keeping an eye on everything that’s going on with each loan — we know it can be overwhelming.
In fact, that’s the whole reason wemlo exists. Our platform was built for mortgage brokers by mortgage professionals who wanted to create the best, most efficient loan processing experience. Our founders saw an industry that was archaic, with fragmented technology, outdated processing methods, and a complete lack of transparency. They couldn’t find anything out there that solved these problems, so they created a solution themselves.
The wemlo platform includes the following four tools designed to help you stay organized and keep your clients happy.
Broker Dashboard
With just a few clicks, wemlo's all-in-one digital platform allows brokers and MLOs to access client information, see the status of any loans, upload documents, and more — right from the brokerage dashboard.
The dashboard aggregates your numbers, including year-to-date and month-in loans closed. You can see the year-to-date monetary value of your loans, as well as refinances compared to purchases and total loans.
The loan status pie chart is another valuable part of our mortgage broker software—get a snapshot look at loans that are clear to close, conditional approvals, UWs submitted, and prequalified loans in your pipeline. All of your leads and in-processing borrowers can be accessed from the dashboard, too.
If you are tired of losing track of your mortgage business, the dashboard offers a level of organization and visibility that can help you capture and nurture leads and close more loans.
Client Questionnaire
wemlo’s digital mortgage questionnaire helps brokers and MLOs easily onboard new borrowers. Ask them to sign in and answer a few questions, and voila! you have a new lead.
Within the wemlo platform, once the borrower completes the questionnaire with personal, income, loan, property, and other pertinent information, you will receive an automated message indicating that the digital questionnaire is complete. That contact will then be added to your leads within the platform.
Borrower Document Uploading
Our mortgage broker software is made to do business however you do business, so once you decide on a workflow—whether you want to price a loan, import a 3.4, create a new client questionnaire or anything else—you can then start gathering documentation from your borrower through our document upload tool.
If you want the borrower to upload the documentation you need, simply send them an invite, which will take them to the borrower portal. There they can upload the correct documents safely and securely.
If the borrower has already given you the documents you need, you can also upload them yourself through this tool.
wemlo Leads
As you generate a new lead and enter their information into the platform, you will see it pop up in the leads section of your dashboard. This section is updated in real-time, so if your lead uploads a document or sends you a message, you will see it directly on the dashboard. If you want a more detailed look at one of your leads, click on the borrower’s name and you can see which documents are already uploaded, access the 1003 to restructure the deal, and re-run loan pricing. You also get a snapshot look at the lead’s Debt-to-Income ratio as well as other valuable information.
Learn More About Our Platform
Our transparent processing solution and cutting-edge technology is transforming third-party processing for mortgage brokers and mortgage loan originators who want freedom from the old, slow, and often clunky ways of processing loans. We help streamline the mortgage loan process so that brokers and loan originators can manage bigger pipelines and have more time for bringing in new clients.
Sign up for a demo today to see how it works.
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