Mortgage Lenders Gain Momentum with the BeSmartee Mortgage POS

By Maria Kingston.
Updated Jul 29, 2021

HUNTINGTON BEACH, Calif. (PRWEB) July 29, 2021 - BeSmartee, award-winning fintech firm and developer of leading digital mortgage platforms, has announced a 90% increase in refinance applications since the Federal Housing Finance Agency (FHFA) ended the Adverse Market Refinance Fee, imposed by Fannie Mae and Freddie Mac in December 2020.

Aimed at lowering costs and providing pandemic-related mortgage relief protections for borrowers, the Adverse Market Refinance Fee, or 50-basis point refinancing fee, increased borrower rates. Now, rates are at a five-month low, and lenders are seeing a boom in refinance applications.

To address these dynamics, BeSmartee has built an industry leading digital Mortgage POS platform that goes deeper and faster into the origination process.

Lenders who have partnered with BeSmartee and integrated the firms Mortgage POS into their systems have taken advantage of the 50-basis-point drop, and experienced:

The 90% increase in refinance applications through the BeSmartee Mortgage POS is proof that our platform goes deeper and faster into the origination process, helping lenders process applications in 14-20 minutes from signed up to closed loan, said Veronica Nguyen, Executive Vice President and Co-founder of BeSmartee.

BeSmartee continues to expand its team to support its lender partners that are taking advantage of the technological innovation in the mortgage industry today.

To learn more about how lenders can prepare for the jump in refinance applications with BeSmartees Mortgage POS platform, contact our mortgage technology experts at (888) 276-1579 or sales@besmartee.com.

About BeSmartee

Leading Fintech firm BeSmartee disrupts the financial services industry with its award-winning, web-based digital mortgage platforms for banks, credit unions and non-bank lending institutions.

BeSmartee delivers a complete digital mortgage experience that goes deeper into the origination process to help lenders close faster making a once-cumbersome experience easy, fast and transparent for all.

Visit our website: http://www.besmartee.com Follow us on LinkedIn: http://www.linkedin.com/company/besmartee/ Read our blog: http://www.besmartee.com/blog