Quick Qualifier Software adds the HUD GFE for 2010 – NMP Skip to main content

Quick Qualifier Software adds the HUD GFE for 2010

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.
About the author
Published
Dec 17, 2009
CHLA Backs Bank Capital Proposal, Questions Impact On Mortgage Lending

Trade group supports lower mortgage risk weights but says broader market forces — not capital rules — drove banks' retreat from the market

Senate Passes 21st Century ROAD To Housing Act In 85-5 Vote

Sweeping housing package heads back to House after Senate clears final version with broad bipartisan support

MISMO Updates Business Glossary To Support AI, eMortgages

New definitions covering eHELOCs, remote online notarization, valuation modernization, and compliance initiatives aim to improve consistency

Underwriters Don’t Slow Down Loans. They Eliminate Uncertainty.

ndustry’s biggest bottleneck is not underwriting itself — it is the uncertainty that reaches underwriting too late in the process. When validation happens upstream, speed follows naturally.

MISMO Launches AI Governance Framework For Mortgage Lenders

New FRAME toolkit gives lenders, servicers, and technology providers a roadmap for managing AI risk while supporting innovation

CFPB Tells Lenders Immigration Status Can Factor Into ATR Analysis

CFPB frames immigration status as a potential ability-to-repay factor when future U.S.-based income is at risk