As we usher in a new year, many of us are reflecting on resolutions that guide us toward being better, more efficient versions of ourselves.
When Wilqo began, we set out with resolutions of our own, resolutions that continue to shape how we build our platform. One of our key commitments was: putting critical information into consolidated locations, making it easier for users to find what they need, when they need it, without scrolling through long, endless screens.
In traditional systems, data is often scattered across various tabs and sections, or way down the page on an overly long screen, leaving users to piece together key details. This not only slows down the process but increases the risk of missing important information. At Wilqo, we’re addressing this challenge head-on by designing workflows that centralize key data points. Let’s explore how this works with ARMs, FHA, and VA loans.
ARMs: Bringing Clarity to Complexity
Adjustable-rate mortgages (ARMs) require a lot of detail. From rate caps and margins to worst-case scenarios, loan officers and operations staff need quick access to all the variables that shape a borrower’s understanding of their loan.
We have simplified this by consolidating all ARM-related information into a single, intuitive interface. Users can view all essential details without toggling between screens. This allows loan officers to have more informed discussions with borrowers, saving time while improving transparency and trust.
FHA: Everything in One Place
Federal Housing Administration (FHA) loans have strict guidelines, from maximum loan amounts to seasoning. In older systems, users often need to hunt through various screens to piece together a full picture of an FHA loan.
We have eliminated this hassle by centralizing FHA-specific details in a dedicated section. Information such as loan limits, MIP calculations, and seasoning requirements are dynamically displayed or hidden based on the loan’s specific details. This not only reduces the cognitive load on users but also ensures they have all the tools they need in one place to complete FHA loans quickly and accurately.
VA: Simplifying the Complex
Veterans Affairs (VA) loans come with their own set of unique requirements, including NTB (Net Tangible Benefit) calculations, Seasoning, and Max Amortization calculations. Traditionally, this information has been spread across multiple screens, making it cumbersome for teams to manage.
Now, VA loan data is seamlessly consolidated. Our dedicated VA interface dynamically reveals or hides fields based on the loan’s details, ensuring that users only see what’s relevant. Whether it’s a refinance or a purchase, all the necessary details about the Veteran’s status as well as the loan are presented in one clear view. This eliminates confusion, reduces errors, and accelerates the entire process.
Why Consolidation Matters
By consolidating information into logical, easy-to-navigate locations, Wilqo has created software that allows users to focus on their work rather than their tools. The result is faster processing times, greater accuracy, and more satisfied borrowers.
Simplification has always been at the heart of Wilqo’s mission. As we continue to refine and enhance our platform, we’re committed to removing the obstacles that slow you down. Because when critical information is exactly where you need it, the whole lending process becomes smoother for everyone involved.
Here’s to working smarter, not harder, in the new year!