There’s another (and happier) way in which Whooster can help both you and your clients. Prefill Applications help ensure faster, more accurate mortgage applications by quickly authenticating applicant identity, validating income and assets, and preventing fraud—while also streamlining the process. This eliminates the need for hours of manual verification, and reduces the chance of incorrect information and client frustration with lengthy applications that asked a great deal of personal information.
A couple wanted to buy a house in the competitive New Jersey real estate market. As first-time homebuyers, they were daunted by the mortgage application process. In addition to missing vital information on the form, they lost out on the house they wanted. Moreover, their agent lost both his commission and his clients. Through their new agent, they were able to pre-qualify quickly. Whooster’s prefill applications tools helped by prefilling critical information rapidly, efficiently, and accurately and allowed the mortgage company to validate the information in real-time. The couple was able to find the home they wanted and seal the deal.