What's new in Quick Qualifier

NMLS #

Because of the new regulation that requires each LO to display their NMLS #, we have added a spot for this in the setup area. Once you enter your display information, it will be added to everything that you print.

New FHA MIP - Change to 2.25%

With version 8.1 or later, you can reset the defaults for minimum down payment, MIP & MMI. To do this, open the FHA Sale or Refi screen and look in the menu bar at the top of the screen. Then read across to Down/MIP/MMI. Open that panel and reset your preferences. If you have an older version, Click Here to order the upgrade.

New HUD GFE (does not replace our Closing Costs Worksheet)

In 2010, we added the new HUD Good Faith Estimate as an option. Because almost everything that goes into the GFE is already in a loan scenario, you only have to add a property address and estimated closing date to complete the three page form. Everything else is saved as a default. You also have the option of giving our proprietary Closing Cost Worksheet to your client without any HUD restrictions.

Third Party Service Providers

Version 10.0 has added a 3rd party service provider contact module. You can store contact information for your favorite affiliates. (Title companies, pest inspection, etc.) Then with a couple few mouse clicks you can create and print (or email) the list. Not only is this handy for their reference but it a new HUD regulation requires this for the service providers that they can shop.

Client Contact Management

Version 9.0 added a Contact Management module. You can use this feature to alert you when it is time to contact a prior client. It will also track the clients rate compared to your current available rate and let you know when it is time to contact them about a refinance. It can even generate a letter that will calculate their current loan balance and show what the drop in their new payment would be as part of the refinance.

You can also edit our form letters or create your own from scratch. Variations on salutations and complimentary close options can be changed with a mouse click. All letters can be printed or emailed using our built in PDF converter.

APR Validation and Amortizaton

With the potential liability of advertising an incorrect APR, we have added a feature that lets you prove the accuracy of your APR's. A complete sum of devalued future payments matches the amount financed, giving you an APR accurate to one thousandth of a percent. Tools for purchase loan also now include a monthly amortization schedule.

Jumbo VA Purchase Loans

Veterans have traditionally been able to borrow four times their eligibility for a no down payment loan. Our latest version now uses the expanded VA & investor guidelines to get your Veteran client a larger now down loan. You can set your county loan limits as a default. You can also reset funding fees without needed a software update.

Buydowns!

We have added Buydowns to the Open House Flyers. Pick from a 1-1, 2-1 or 3-2-1 buydown. The cost of the buydown instantly calculates and can be added to the buyer's closing costs or paid with rebate pricing. Sample

Built-in Email & PDF converter

Quick Qualifier now ships with its own PDF converter. A single mouse click converts your document to a PDF, opens your email and attaches it. It also adds a subject line and message. All you have to do is enter the recipient's address and hit send. You can also use the PDF feature for an intant preview. Video

New Rent vs. Own

In addition to showing tax benefits of owning a home, QQ now uses your factors to project rent vs. house payment over the next thirty years. It also shows equity build up based on appreciation and loan amortization. Sample

Export data to Point

You can now export your Quick Qualifier loan data directly to Point, by Calyx. You can also create a generic FNMA file to import into the other processing software systems.

Side by side loan comparisons

You can compare two or three sale or refi scenarios with a single mouse click. Then you can print the loan details side by side comparing the payments and cash requirements. Sample

Database backup and synchronization

You can export your database records to a portable device. Then you can use the exported data to merge the records into Quick Qualifier on a different computer. Not only is this a handy way to bring your client records from home or to share them with your loan processor, but it backs up your database records. You can also save your setup defaults of closing costs and RE agent profiles.

Internet Rate Link

Interest rates can be uploaded to an FTP site. Then agent clients can download rates with a single mouse click. Rates will automatically infuse into loan scenarios. This feature can also pop a rate matrix onto the screen. Soon, your Real Estate agents will lose interest in your competitor’s rate sheets! (Loan Officer version only - $95/yr. Free 90-day trial.)