Skip to main content

Quick Qualifier Software adds the HUD GFE for 2010

NationalMortgageProfessional.com
Dec 17, 2009

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.
Published
Dec 17, 2009
Mortgage Forbearance Changes Create Challenges for Servicers

65% Of All Plans Would Expire By The End of 2021

Regulation and Compliance
Aug 02, 2021
CFPB Reports Trends In Financial Assistance

The latest developments from this study reveal that most consumers have exited the payment assistance they received at the start of the pandemic.

Analysis and Data
Jul 14, 2021
CFPB Orders GreenSky To Refund $9M In Unauthorized Loans

The consent order requires GreenSky to refund or cancel up to $9 million in loans for the customers harmed by this illegal conduct.

Regulation and Compliance
Jul 13, 2021
CFPB Warns Landlords And Consumer Reporting Agencies To Report Accurate Rental Information

Inaccurate rental or eviction information can unfairly block families and individuals from safe, affordable housing.

Regulation and Compliance
Jul 01, 2021
FHFA Mandates Quarterly Fair Lending Reports

FHFA issued orders for all enterprises to submit quarterly Fair Lending Reports with data and information to improve the FHFA’s capabilities. 

Regulation and Compliance
Jul 01, 2021
FHFA Follows CFPB To Protect Borrowers Once COVID-19 Foreclosure And Eviction Moratoriums End

The Federal Housing Finance Agency made it clear that Fannie Mae and Freddie Mac servicers are not permitted to make first notice or filing for foreclosure that would be prohibited by the CFPB protections for borrowers affected by COVID-19.

Regulation and Compliance
Jun 30, 2021