LenderLogix Introduces Refinance Identifier to Help Loan Officers Surface Opportunities from Closed Loans
LenderLogix, a provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks and brokers, has introduced Refinance Identifier, a new LiteSpeed Intelligence feature designed to help loan officers identify potential refinance opportunities within closed Encompass loan files.
Refinance Identifier scans closed loans in Encompass®, extracts relevant loan file data and runs it through an analysis engine to evaluate whether a borrower may benefit from refinancing at current market rates. The tool helps determine whether a borrower could potentially reduce their monthly payment, shorten their loan term or achieve both through a new refinance scenario.