How is Borroware® different than other applications?
The Borroware® application itself is on one screen unlike the outdated 1003 we are all familiar with. It has 8 to 12 folders depending on whether there is a co-borrower or not, and each folder has a red yellow or green light so your clients know exactly where they are in the application process at all times. Your clients can save their application and come back to it as many times as needed. Borroware® application is branded to EACH INDIVIDUAL loan agent, once the client completes their application, it comes straight to you. The client can not print the 1003, however they can print the disclosure pages, sign them and send them back to you. You can submit the file to a lender without the signature by simply stamping the file “computer generated original” and just have your clients sign the 1003 before closing.
