Loan Options
Borrower Loan Options Overview
The Loan Options view is the borrower view of the Maxwell's QuickPricer experience. Go to Lender Hub QuickPricer overview for a full introduction to the lender side of this tool.
It’s an excellent educational tool for borrowers who are still deciding which loan option best fits their needs. With just a few clicks, an LO can select multiple scenarios and share an easy-to-read, side-by-side comparison that clearly outlines differences in rates, monthly payments, and closing costs.
The transparent, upfront cost breakdown builds trust with borrowers and helps LOs guide borrowers on which loan options best suit their situation, so they can move into pre-qualification and lock decisions faster.
Send to Borrower
After the LO has prepared the scenarios they’d like to share with the borrower, they can click the Send to Borrower button in the upper-right corner of the Loan Scenarios page.
Upon clicking Send to Borrower, a confirmation message will appear, notifying the LO that once shared, the borrower will be able to view these scenarios.
Borrower Experience
Once the scenarios have been sent, the borrower will receive an email notification letting them know that new loan products are available for review. The email includes a secure link directing them to view their loan optio
When the borrower clicks the link, they’ll be directed to a new tab within their loan file called Loan Options. There, they can view the loan products shared with them.
This is a great opportunity for the LO to call the borrower and use the Screen Share tool to walk them through the loan scenarios and answer any questions in real time.
If the borrower is ready to move forward with a specific loan scenario, they can click the I’m Interested button to send a notification to the LO. Once selected, the LO receives an update in the loan file indicating that the borrower has viewed their loan scenarios and, expressed interest in a particular option.
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