Quick Qualifier, the prequal and marketing software for loan officers, has added the new HUD Good Faith Estimate (GFE) for 2010. At the same time, there is growing interest in original closing cost sheet in the software. Because there are so many new requirements that dictate when you can give the new GFE to a borrower, lenders are looking for an alternative method of showing a client what their costs and cash requirements will be during the home shopping phase. With Quick Qualifier, users have the option of printing the Quick Qualifier closing cost sheet or the official HUD form. Because most of the information needed to complete the HUD form is already in Quick Qualifier, it is fast and easy for the loan officer to generate the completed form. The new module also has a database that tracks when and how the GFE was delivered to the borrower. The embedded PDF converter also gives the user single click email ability.
According to Thor Skonnord, author of the software: ”The timing of this new regulation is perfect for our newest version. We try to give our customers something new and useful every year. While we spent most of the year making our software compatible with Vista and Windows 7, adding the GFE option is an ideal addition to help lenders deal with the changes. Not only does it create the form, but it fills in the blanks according to the new guidelines.”
All the fanfare about the new HUD form is not meant to downplay the other features in Quick Qualifier. The software has been evolving for over 15 years and prints over 75 buyer-friendly information sheets in English or Spanish. Of the most popular are the Open House Flyers that include finance options and color pictures of homes and RE agents.
For more information, visit www.quickqualifier.com.