A loan is a type of debt. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower.

loan officer tool

Loan officer tool

A loan officer tools consists of several individual tools that help him to attract borrowers and market loans and service them in a better way.

These loan officer tools help you to attract prospective borrowers, manage leads, and market loans. You can produce paying back schedules, compare loans, calculate cash-to-close amounts, and generate rent vs. own comparisons—quickly and easily.

Create promotional flyers.
These flyers enable you to market your products and services to everyone who sees the property.

Prequalification Tool
This loan officer tool helps—first, second, or investment purchase mortgages to get an idea of how much they might qualify to borrow. This tool helps the borrower to calculate what can they afford? and Can they afford the property .The Prequalification tool also provides information about minimum income required and maximum debt allowable.

Amortization tool
Customizable Loan Program templates make it easy to switch from one loan product to another. You can amortize fixed, ARM, potential negative amortization, and buy-down mortgages. Data can be viewed on the screen or printed out for review.

Cash-to-Close Summary tool
The summary includes estimated prepaid items, estimated closing costs, and cash to or from the borrower. This Cash-to-Close summary provides a concise summary of bottom-line costs that every borrower will appreciate.

Loan Comparison tool
The Loan Comparison tool helps to generate loan comparisons, making it easy to compare different loan programs. Quickly access loan program scenarios for fixed, ARM, and government loans.

Debt Consolidation Tool
This tool helps the borrowers to understand how debt-to-income ratios affect their ability to qualify for a loan when refinancing. The Debt Consolidation tool in Point takes data from the liabilities section of the loan application and allows you to generate "what if" scenarios for your clients. Within minutes, borrowers can see how different ratios are created when selected debts are paid off.