Mortgage brokers can now have their own branded application for mobile devices without having to make technology investments.
Bsnap, announced on Tuesday, is a new mortgage app that promises to streamline the lending process for both brokers and prospective borrowers.
The customer can complete a digital 1003 application, electronically sign forms and documents, and provide photos of required documents.
Also available to customers through the app are loan tracking status and tentative closing dates.
Stearns Lending LLC, the wholesale lender behind the new mobile app, said bsnap is branded with the broker’s company logo and information.
Santa Ana, California-based Stearns claims that almost every step of the loan process — including document signing and sending, requesting tax records and income verification — can be done securely on a mobile device thanks to bsnap
“Most independent brokers do not have custom mortgage apps, and keeping up with technology upgrades can be challenging,” Stearns Lending Chief Information Officer Uday Devalla said in today’s statement. “At Stearns, we’re committed to investing in technology like bsnap to help give our brokers an edge.”
Information about the mobile app is online at https://mailchi.mp/4fee56ff167d/bsnap.
