Homebot, a personalized financial platform, has enhanced its refinance module for lenders to help homeowners evaluate options and maximize their home equity.
The module provides homeowners with personalized refinance options in real time. Homebot’s new module also enables loan officers to track refi module engagement, which allows them to contact clients and engage them with refinance scenarios.
"ARMs can be valuable vehicles for borrowers, but might be overlooked and frequently misunderstood," Homebot Chief Executive Officer Ernie Graham said. "Our advanced refi module provides a holistic overview of the different options available to homeowners, helping them understand possibilities they otherwise may not have considered."
"It's amazing what Homebot has done with fixed-rate refi scenarios," said Stephen Seidler, senior mortgage loan originator at Homebridge Financial Services. "We're thrilled they've added ARMs. When conditions warrant, ARMs are critical products for a loan officer's refi portfolio."