This module lives under the Tools tab, and enables customers to estimate savings from a refinance. Powered by MBS Highway’s “Strike Rate” tool, this intelligent module will do the work of alerting your customer when rates fall low enough below their current rate, that a refi makes sense for them financially. When rates drop, you just have to wait for the refi inquiries to roll in!
Based on your client’s current interest rate, they will see one of the following prompts:
- Missing Interest Rate: If we don’t have an interest rate saved under their loan information, your client will be asked to provide it. If they don’t have a loan, they can check a box to indicate this, and we’ll save that preference.
- Savings Opportunity: Using your client’s loan details, we’ll monitor for potential savings and show them how much they could save by refinancing, prompting them to contact you.
- Close to Savings: If their interest rate is within 2% of potential savings, clients will have the option to opt in to alerts so they’ll be notified immediately if a savings opportunity arises in the future.
- Rate Lower than Market Rates: If their existing rate is much lower than the current market rate, we’ll still encourage them to reach out to you about HELOC options or to explore ideas in the Home Equity Module.
Communications
When a client clicks the Contact button, they’re taken to a short lead form where they can send you a message in just a few clicks. Their inquiry is instantly delivered to your email inbox so you can follow up and assist.
Where to Find It
This module is found under the Tools tab in your client’s Home Report.