FINOFR
Don't Refi, Modify. Retain mortgages in less than 90 seconds.
- 01 Key Benefits:
- 02 Borrower Retention – Offer Reset option to keep borrowers from refinancing elsewhere
- 03 Cost Efficiency – Automate manual processes, cut servicing costs, and scale without hiring
- 04 Risk Mitigation – Reduce delinquency risk and protect against payment shocks
- 05 Compliance Ready – Maintain audit trails and align with evolving redulatory expections
- 06 Revenue Preservation – Retain servicing income and upsell additional financial products
- 07
- 08 Applicable in all rate enviroments
- 09 Rising Rates – Cap adjustments to reduce payment shocks
- 10 – Convert ARM's to fixed
- 11 – Eliminate ARM "Cliff" when natural adjustment occurs
- 12
- 13 Falling Rates – Offer quick rate reductions to retain loans based on triggers
- 14 – Beat competitors to refinance ready clients
- 15 – Mitigate loan runoff due to lower rates
Reset Mortgage at FINOFR allows borrowers to click a button and reset their mortgage in 90 seconds without going through a full refinance process. We have solved retention issues with this digital customer experience and the CFPB have applauded our digital reset technology. Mortgage pre-payment speeds are increasing due to FinTech lenders. We have helped our clients retain over $24 billion of portfolio mortgage loans with zero back office resources. We estimate millions of dollars saved because of the digital efficiency.
Our clients are some of the banks in the country and they chose us when it comes to the challenges of digital mortgage loan retention.
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