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Follow on Google News | SBG Real Estate Launches the First Loan Origination App on the App StoreiQualify Pro – Loan Origination Companion is an iPad app designed to meet the needs of mortgage and real estate professionals. It is the first loan origination app on the App Store. It allows professionals to qualify their clients in seconds.
By: SBG Real Estate iQualify Pro empowers mortgage and real estate professionals to provide the answer to the number one frequently asked question in the industry – How much can I afford to borrow/buy? The app allows professionals to provide the answer within seconds based on the borrower's gross monthly income, monthly debt payments and liabilities, and loan information. No other iPhone app on the App Store provides this feature. iQualify Pro is the only app that has this function, a unique feature that allows professionals to calculate the maximum qualified loan amount and purchase price based on the borrower/buyer's income, debt payments, loan information, and a set of parameters. iQualify Pro is user-friendly and intuitive with ease navigation. Inputting information is fast and easy. The app comes with an integrated convenient calculator to help the user calculate gross monthly income based on annual income or hourly rate without leaving the app. Similarly, there is one for adding monthly debt payments and liabilities. For both convenient calculators, there are input fields for both the borrower and co-borrower, making it easy to estimate monthly expenses and income all within the app for singles as well as couples. The most power feature of this app is the ability to create different settings. The setting parameters include downpayment, property tax, insurance, PMI, front-end ratio, and back-end ratio. These parameters are set by the user based on the borrower's creditworthiness, the lender, the loan type, and locality. This feature allows the user to setup the most commonly encountered loan scenarios for easy access. For example, the user can have one setting for FHA loans, one for VA loans, and one for conventional loans. In addition, the user can also setup different settings for borrowers with different FICO scores. For mortgage brokers, they can setup different settings for different wholesale lenders. Finally, iQualify Pro is packed with features. The iPhone app comes with a built-in mortgage calculator. Moreover, the app also provides an easy to read summary of the total housing expenses and total monthly expenses, which can be emailed to the client, giving him/her a good picture of what to expect or of affordability. Other features include saving prospective borrower information, help & support information, and more. iQulaify Pro is a flexible and powerful tool for mortgage and real estate professional. Features 1.Estimates borrowing & buying power 2.Mortgage calculator 3.Help & support info within the app 4.Ease of use 5.Ease of navigation 6.Intuitive & user-friendly user interface 7.Input information for both borrower and co-borrower 8.Email feature – email results to clients 9.Bookmark feature– save important calculations for future reference 10.Setting template – create common loan scenarios for easy reference 11.Works on all types of loans - FHA, VA, & Conventional Loan Qualification 12.Maximum qualified loan amount calculation 13.Maximum qualified purchase price calculation 14.Monthly payment 15.Monthly housing payment summary 16.Total monthly payment summary 17.Amortization schedule Go the the iTunes App Store: http://itunes.apple.com/ About Us SBG Real Estate (www.sbg81.com) Visit us on Twitter: http://www.twitter.com/ Contact Us If you'd like more information about this topic, please contact us at info@sbg81.com. You can also write to us at 45 S. Park Victoria Dr., Suite 333, Milpitas, CA 95035 # # # SBG Real Estate is a real estate software company that develops mobile applications for the iOS platform. Our iPhone apps include iAPR, iQualify Pro, iQualify, iBorrower, and iAPR; and our iPad apps, iAPR and iQualify Pro. End
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