PreApp 1003 REVOLUTIONIZING THE MORTGAGE INDUSTRY!

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2 PreApp 1003 REVOLUTIONIZING THE MORTGAGE INDUSTRY!

3 Why is PreApp 1003 Revolutionary to the Mortgage Industry? What PreApp 1003 Is Not v PreApp 1003 is not a mobile app you download and install. v PreApp 1003 is not an online application. v PreApp 1003 is not a contact management system. v The borrower does not have to setup a user account.

4 What Is PreApp 1003? PreApp1003 is a secure, patent pending, user friendly, text initiated, mortgage pre-qualification system. PreApp, 1003 has been careful in the selection of what information is needed in order to pre-qualify an applicant without obtaining all 6 pieces of information that would constitute a formal residential mortgage loan application. FAST EASY SECURE!

5 How PreApp 1003 Works? PreApp1003 Mortgage Short Form is designed specifically for mobile devices. With mobile device technology being on the cutting edge, texting is an easy way for communication and business. After texting a keyword to a 5 digit number, a link to the application is provided to the applicant via text message. Once the form is filled out and submitted, the loan originator will be notified by text and . The information can then be generated and downloaded to a PDF, Excel or Fannie Mae 3.2 file for import to any loan origination system.

6 How the Borrower Initiates PreApp 1003 TEXT KEYWORD Borrower will Text the Loan Originator s Keyword to our 5 digit number. RECEIVE LINK TO APPLICATION Borrower will then follow link to fill out your PreApp 1003 on our secure Pre-Qualification form.

7 Borrower follows link from his text message and fills out your Secure PreApp The mobile form is easy to fill out. A quick and easy way to get pre-qualified anywhere at anytime. Customers will love the simplicity of the process. The Benefits of using PreApp 1003 Get your borrower s authorization to pull credit in two ways: 1. A checkbox 2. A digital signature. The average person can fill out the in 5-7 minutes. This saves time for borrower, loan originator and realtor. You can fill out the PreApp 1003 anywhere with any mobile device or tablet. Customized Business Card on your PreApp With the Pro Package you can also use your very own Mortgage Logo. I love PreApp 1003! Scarlet - Realtor

8 Credit Authorization Authorization to pull credit is done two ways: Checkbox and Agreement to our Terms of Service Digital Signature

9 PreApp 1003 is Compliant PreApp 1003 v Compliance: PreApp 1003 is Fast and Secure. PreApp 1003 dedicated web servers are PCI Compliant and abides to The Fair Credit Reporting Act, 15 U.S.C ( FCRA ) is U.S. Federal Government legislation enacted to promote the accuracy, fairness, and privacy of consumer information contained in the files of consumer reporting agencies. v Digital Signature: On June 30, 2000, President Clinton signed into law the The Electronic Signatures in Global and National Commerce Act (The E-Sign Act). The E- Sign Act makes e-signatures as legally binding as ink-and-paper signatures. The E- Sign Act also eliminates legal barriers to storing documents and sending notices electronically. A credit professional may now engage in e-credit transactions across state lines and the credit sale contract is valid in all states. Neither the E-Sign Act nor the FCRA should bar a credit professional from obtaining an electronic consent to pull a credit report, and otherwise be in full compliance with the FCRA. However, the E-Sign Act requires that the consumer decides whether to use an e-signature or handwritten.

10 PreApp 1003 Text Notification PreApp 1003 has been submitted. The loan originator will receive a text message alerting them of the borrower s PreApp 1003 submission. The text message will also include the referral partner s name and phone number for the loan originator to call and thank them immediately.

11 PreApp Notification PreApp 1003 has been submitted. In addition to the loan originator s text notification they will also get an notification with the borrower s basic information. The will also provide a link for the loan originator to follow to search the applicant s details with our secure search portal.

12 Link From Your PreApp 1003 Secure Applicant Search Once the loan originator follows the link provided in the it will take them to our secure login portal. Here the loan originator can view the application or download the application as a PDF, Excel or Fannie Mae 3.2 file. The Fannie Mae 3.2 file can then be imported into any Loan Origination System. The Loan Originator will have a secure login portal to access all of their applicants. They will search by primary borrower s first and last name.

13 PreApp 1003 Upload Portal This Keeps Getting Better! After PreApp 1003 has been submitted the borrower will receive a thank you with a secure portal to upload documents. Documents can be uploaded via mobile with image capture. If any documents are needed during the application process the borrower can easily upload the documents from their computer or cell phone utilizing the camera. Once the upload has been completed by the borrower the loan originator will then receive an notification that contains a link to our secure server to login and download the documents. PreApp 1003 has been careful in the verbiage on this form. We have made it clear that the documents are not required. (Until an intent to proceed has been executed).

14 People Love PreApp 1003 Borrowers Love It Borrowers love it because it is unlike an online mortgage application which can be inconvenient and time consuming. is a safe and convenient option when getting pre-qualified. There is nothing downloaded or installed on their phone. Why not give your borrowers this simple and convenient option? The average person can fill out the in 5-7 minutes anywhere they are at. Loan Originators Love It Loan Originators love it because it is a simple way to get the pre-qualification form into the hands of a borrower anytime, anyplace knowing they can fill it out with minimal effort and still get all the elements necessary in order to pre-qualify the borrower without obtaining all 6 pieces of information (that would trigger a formal loan application). They also love it because they have the assurance that they are getting the borrowers signed authorization to pull credit and thus avoid any compliance issues in the future. Realtors and Referral Partners Love It. Realtors love it because it is fast and convenient for the borrower to get pre-qualified wherever they are. Upon the submission the loan originator receives notification which includes the referring realtor s name and telephone number. This triggers an immediate response from the originator.

15 JOIN THE PREAPP 1003 FAMILY TODAY! PreApp 1003 is for you the loan originator. Developed and designed with the Loan Originator in mind. PreApp 1003 has been developed to stay current with the mobile trends of today and to make an easier process for getting authorization to pull credit and get borrowers pre-qualified.

16 PreApp 1003 Pro Package Your very own mortgage logo Loan Originator Image on Mobile Business card Customized color to match logo Borrower Document Upload Portal $29 dollars per user per month

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