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ATLANTA, Ga. /ScoopCloud/ -- Down Payment Resource (DPR), the housing industry's leading technology for connecting home buyers with homebuyer assistance programs, today announced that it has partnered with HomeScout LLC to help mortgage lenders generate and convert more leads by meeting heightened consumer demand for information about affordable pathways to homeownership.

HomeScout provides a suite of tools and services to help mortgage lenders increase production by generating and nurturing in-market homebuyer business at the early stages of the home buying journey. With affordability challenges causing many qualified borrowers to sideline themselves from home buying, HomeScout has partnered with Down Payment Resource to rally homebuyer engagement with programs that reduce the costs of homeownership.

HomeScout has embedded Down Payment Resource's down payment assistance (DPA) finder in its partner-branded property search sites, thereby flagging listings that are eligible for homebuyer assistance programs including down payment and closing cost assistance, Mortgage Credit Certificates and affordable first mortgages. Each eligible listing invites consumers to discover which programs and how much funding they may be eligible for by supplying basic qualification information such as household size and income. Loan originators are notified when consumers engage with the DPA tool, enabling them to reach out with financial guidance at the earliest signs of homebuyer intent.

"Consumers' eagerness to engage with our tools continues to signal an immense, unmet appetite for homebuyer assistance," said DPR Founder and CEO Rob Chrane. "By making DPA program information easily accessible through its consumer-facing portal and loan originator-branded landing pages, HomeScout is helping lenders see the opportunity homebuyer assistance programs offer to fill sales pipelines while helping qualified borrowers overcome financing hurdles to homeownership."

"Rob and his team are moving the needle by exposing a groundswell of consumer DPA interest, but the fact remains that consumers need lender support to finance a mortgage with down payment assistance," said HomeScout Founder and CEO David Camp. "HomeScout's partnership with Down Payment Resource opens additional avenues for transactions for lenders, aligning with our mission to help our clients increase production."

About Down Payment Resource:

Down Payment Resource (DPR) is an award-winning technology provider helping the housing industry connect homebuyers with the homebuyer assistance they need. With toolsets tailored for real estate agents, multiple listing services and mortgage lenders, DPR's technology empowers housing professionals to make affordable home financing opportunities more accessible while growing business and forging referral partnerships. The only organization to track the details of every U.S. homebuyer assistance program, DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises, think tanks and trade organizations seeking to improve housing affordability. Its technology is used by five of the top 10 retail mortgage lenders by volume, three of the four largest real estate listing websites and 500,000 real estate agents. For more information, visit https://downpaymentresource.com/.

About HomeScout:

HomeScout is a lender-centric platform dedicated to growing conversions and retention rates for the mortgage industry. Built by real estate and mortgage industry veterans, HomeScout provides an extraordinary suite of solutions to best serve in-market home buyers and sellers, while also providing the necessary tools to amplify business growth.

With HomeScout, consumers will find all the tools they need to help them through the home buying and selling journey, including a branded and secure search portal.

HomeScout is committed to the retention and growth of database clients while providing commission security and consistency for mortgage professionals and organizations.

For more information on HomeScout visit https://homescout.realty.com/.

Twitter: @DwnPmtResource #downpaymentassistance #mortgagemarketing #proptech #fintech

Down Payment Resource (DPR), the housing industry's leading technology for connecting home buyers with homebuyer assistance programs, today announced that it has partnered with HomeScout LLC to help mortgage lenders generate and convert more leads by meeting heightened consumer demand for information about affordable pathways to homeownership.

Related link: https://www.downpaymentresource.com/

ATHENS, Ga. /ScoopCloud/ -- FormFree® has partnered with HomeScout, a wholly owned subsidiary of FirstClose®, to launch HomeScout Qualified Borrower, a tool that helps lenders generate leads and concentrate borrower conversion efforts on mortgage-ready home buyers.

HomeScout offers mortgage professionals a suite of tools built to capture more purchase business and close more loans by engaging with in-market home buyers early in their home buying journeys. With the introduction of HomeScout Qualified Borrower, FormFree and HomeScout helps prospective homebuyers - including those with thin credit files or no credit score at all - understand their buying power and share it with lenders before completing a detailed loan application or receiving an initial loan estimate.

FormFree is a leading provider of ability to pay (ATP®) analytics for the lending industry, including verification of assets (VOA), verification of income and employment (VOI/E) and rent payment history. FormFree's patent-pending Residual Income Knowledge Index™ (RIKI™) supplements traditional credit evaluation models with analysis of a consumer's cash flow and residual income, creating a more complete picture of a borrower's creditworthiness and potentially allowing more borrowers to qualify for a home loan.

"The systemic bias in today's lending model, however unintentional, has created a homeownership gap that has persisted for decades. The FHFA is calling upon the entire industry to make housing equity a priority, and FormFree is answering that call," said FormFree Chief Strategy Officer Eric Lapin. "Our Qualified Borrower™ token provides the top-of-funnel intelligence lenders need to responsibly extend credit to more borrowers while curbing sky-high loan origination costs."

"Our partnership with HomeScout redefines the way lenders engage with past customers and prospects by combining clear signals of home buying intent with a complete understanding of each consumer's ability to finance a home," said FormFree Founder and CEO Brent Chandler. "These are the highest-quality leads the industry has ever seen."

"Every day, hundreds of thousands of Americans start their home buying journeys online. With so many potential leads, the challenge for lenders is figuring out which buyers have both the intent to buy a home and the ability to repay a mortgage loan," said David Camp, President of HomeScout. "By combining our consumer marketing suite with FormFree's Qualified Borrower token, HomeScout Qualified Borrower helps lenders more efficiently connect with mortgage-ready home buyers before they are scooped up by competitors."

About FormFree:

FormFree® is a market-leading fintech company whose revolutionary products AccountChek® and Passport® make for a more inclusive credit decisioning landscape by enabling lenders to understand people's true ability to pay (ATP®). Our vision is to leverage source data and data-driven intelligence to usher in a new era of transparent, fair and liquid credit markets. To date, thousands of U.S. lenders and brokers have ordered millions of FormFree's patented verification reports representing trillions of dollars in loan verifications. FormFree delights borrowers and lenders with a paperless experience, dramatically reduces origination timelines and offers automated analysis and standardized delivery to lenders and investors using a secure ReIssueKey®. For more information, visit https://www.formfree.com/ or follow FormFree on LinkedIn.

About HomeScout:

HomeScout is a lender-centric platform dedicated to growing conversions and retention rates for the mortgage industry. HomeScout, LLC is a wholly owned subsidiary of FirstClose®, a highly respected financial technology provider. This strategic partnership provides mortgage industry professionals with access to an extraordinary suite of solutions to best serve in-market home buyers and sellers, while also providing the necessary tools to amplify business growth.

With HomeScout, consumers will find all the tools they need to help them through the home buying and selling journey, including a branded and secure search portal.

HomeScout is committed to the retention and growth of database clients while providing commission security and consistency for mortgage professionals and organizations.

For more information on HomeScout visit https://homescout.realty.com/.

FormFree® has partnered with HomeScout, a wholly owned subsidiary of FirstClose®, to launch HomeScout Qualified Borrower, a tool that helps lenders generate leads and concentrate borrower conversion efforts on mortgage-ready home buyers.

Related link: https://www.formfree.com/

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Tag Archives: HomeScout

HomeScout partners with Down Payment Resource to capture consumer demand for homebuyer assistance program information

FormFree and HomeScout partner to help lenders identify mortgage-ready borrowers earlier in the home buying journey