Milpitas, CA, March 25, 2011 --(PR.com
)-- iQualify Pro is designed specifically for residential mortgage and real estate professionals, including loan agents, loan officers, loan processors, mortgage brokers, and realtors, to help improve productivity, customer satisfaction, and customer retention.
No other iPhone app on the App Store provides this feature.
The most commonly asked question for mortgage and real estate professionals is: “How much can I afford to borrow/buy?” When asked this question, a real estate professional would usually rely on his/her loan officer to provide an estimate, and a mortgage professional would usually rely on their loan origination system at the office for the estimate. Either way, it takes time in responding to the client's question.
iQualify Pro will empower real estate professionals to provide an answer in seconds without relying on their loan officers, and mortgage professionals don't have to wait til they get back to the office to prepare and provide an estimate. This app will not only impress their client, it'll help them improve productivity and customer satisfaction. With this app, they no longer have to wait, and can provide an estimate in seconds, along with other important housing expense information and results.
Currently, iQualify Pro is the only app that has this function, a unique feature that allows professionals to calculate the maximum qualified loan amount and purchase price based on the borrower/buyer's income, debt payments, loan information, and a set of parameters. These parameters are set by the user based on the borrower's creditworthiness, the lender, the loan type, and locality. These parameters give iQualify Pro the flexibility and power to pre-qualify a borrower based on different lenders or loan types. Whether it's conventional, FHA, VA or any other types of loans, iQualify Pro can accommodate with the proper settings.
iQualify Pro will take into account the following factors in the calculations: local property tax rate, local insurance rate, front-end ratio, back-end ratio, and percentage of downpayment. These parameters determine the accuracy of the estimates.
Moreover, iQualify Pro is user-friendly, intuitive, and easy to use. The user never has to scroll to input numbers or use the alphanumeric keyboard to input numbers.
Finally, iQualify Pro is packed with features. The iPhone app comes with two built-in mortgage calculators: one for borrower and one for buyer. It has all the functions most mortgage calculator apps provide including mortgage payment and amortization table. Moreover, the app also provides an easy to read summary of the total housing expenses and total monthly expenses, which can be emailed to the client, giving him/her a good picture of what to expect or of affordability.
It also consists of two simple calculators within the app to allow user to quickly add up numbers and calculate monthly gross income based on annual gross income or hourly rate. Other features include bookmarking, help information screens, and more.
iQulaify Pro is a flexible and powerful calculator. Go to www.sbg81.com for a demo video.
2.Mortgage calculator for buyer
3.Loan calculator for borrower (home, auto, credit card loans)
4.Help info available for iQualify calculator
5.Help info available for Buyer calculator
6.Ease of use – large number keypad
7.Ease of navigation – never have to scroll to input numbers
8.Intuitive & user-friendly user interface
9.Two convenient calculators within the app: adding debt payments & calculating monthly gross income
10.Email feature – email results to clients
11.Bookmark feature– save important calculations for future reference
12.Settings – user can set debt ratios, property tax rate, insurance, down payment values in the iPhone Settings app
13.FHA, VA, & Conventional Loan Qualification
14.Maximum qualified loan amount calculation
15.Maximum qualified purchase price calculation
17.Monthly housing payment summary
18.Total monthly payment summary
20.iOS 4.2 or later (please download the latest iOS)
Go to the the iTunes App Store: http://itunes.apple.com/us/app/iqualify-pro/id425876225?
SBG Real Estate is a real estate software company that develops mobile applications for the iOS platform. Visit us at www.sbg81.com