Alert monitoring refers to software solutions that alert a lender if a customer or prospect applies for a mortgage from another lender, lists their property, etc.
This not only helps mortgage lenders identify opportunities for customer retention or customers to watch out for, but it also helps them to identify fraud or customers who are double-dealing.
For Mortgage Professionals
Alert monitoring helps lenders identify cases of mortgage fraud before they happen.
Alert monitoring helps lenders identify customers who are “double-apping” — committing to more than one loan application, only to back out of one or all of them.
Loan originators don’t have to waste their time with applicants who play games. Instead, they can focus on serious and committed applicants.
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Sales Boomerang’s groundbreaking automated borrower intelligence system notifies mortgage lenders when a customer or prospect is ready and credit-qualified for a loan. To date, Sales Boomerang has helped 150+ leading lenders close over $150 billion in additional loan volume and outperform industry customer retention rates by 3-5X.
Blog post by Polly Every year, billions of dollars are lost due to ineffective processes, system inefficiencies, and manual mistakes. As the mortgage industry shifts
Blog post by Polly We have talked before about Polly’s comprehensive suite of features and the robust functionality available within our only-of-its-kind, vertically integrated capital
Blog post by Polly Polly’s Founder and CEO, Adam Carmel, recently connected with the Mortgage Bankers Association for an executive conversation about the current state
Blog post by Lender Price Having an API is a great way to increase efficiency and flexibility, but it’s not enough. Many pricing vendors claim
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