This is BIG!

When certain factors change on a home loan that’s already in process, the steps to apply a Change of Circumstance (COC) can be cumbersome and pose a real risk of derailing the deal.  

Kind's latest edge in its broker portal Kwikie - Breezy-COC - transforms the COC experience for brokers by combining an easy interface with smart automation to speed up disclosure delivery, improve TRID compliance and reduce manual tasks. And, most important, helps keep borrowers’ loans on track to the closing table.  

• Automated Repricing. Now when brokers fill out key fields in the upgraded Kwikie COC screen -  like loan amount, purchase price, or appraised value - eligible changes will auto-trigger a repricing of the loan. More complex changes, like loan type and property address, automatically route to a manual review desk for action.

• Auto-generate Revised LE & Preview. Along with automated repricing, Kwikie COC instantly generates a preview of the revised Loan Estimate with updated fees for brokers to review - 24/7 from their mobile device or laptop. Brokers apply their expertise to ensure it's on point and ready for borrowers.

• Automated Redisclosures to Borrowers. Once the revised Loan Estimate meets expectations, brokers push a button in Kwikie COC to redisclose. Kwikie automation compiles the new disclosure package and notifies all borrowers by email, with a copy to brokers and their team, in minutes.

Why It Matters

Changed circumstances aren't just cumbersome for brokers, these updates can derail deals and take attention from other loans in their pipeline. Breezy-COC is one more way Kind is leveling up the broker experience in Kwikie, using automation to make mortgage Kind of easy while keeping the expertise and value of brokers at the forefront.

Contact your Kind AE today to learn more about Breezy-COC or see a demo of this new Kwikie innovation in action!

Not working with Kind yet? Let’s connect and change that: www.kindlending.com/tpo/partner-with-us

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