About PerfectLO

PerfectLO is a mortgage and loan solution for small to midsize mortgage brokers, mortgage bankers and banks, designed to help simplify and accelerate the digital loan application process. PerfectLO offers an interactive questionnaire which systematically and intelligently asks borrowers the necessary questions in order to complete their loan profile, including a detailed document checklist.

The document checklist is based on the borrower’s answers, and automatically imports into the loan originator's current LOS system, along with an easy to read document including the borrower's answers and a summary of key information. Borrowers are able to complete PerfectLO’s in-depth loan questionnaire via any mobile device or desktop computer. Originators can also ‘interview’ the borrowers in real time while following the solution’s systematic process.

The document checklist may include a welcome paragraph, reminders, do's and don'ts, and any other pertinent information for the borrower. Users can also customize the header and footer of each page, at both the company and loan originator level. Each LO is provided with a unique link which enables them to attach an email signature, social media pages, and more, and takes borrowers directly to the LO’s portal. PerfectLO also provides organizations with a custom URL to embed onto their business website, allowing borrowers to be able to choose their preferred LO.

Email and text notifications are sent to originators whenever a borrower initiates a questionnaire, and again after it is submitted. Users can also customize the emails which are sent to borrowers after completion, and may also include the document checklist. PerfectLO enables borrowers to read and complete their questionnaires in their preferred language, as well as their document checklist. Loan originators can view the questionnaire, checklist, and results in English.

Key benefits of PerfectLO

  • PerfectLO helps to build a perfect document checklist based on the questions answered and works with all LOS, mobile devices and is multi-language.

  • Avoid inaccurate loan applications and unnecessary credit pulls with a simplified and streamlined process for clean and accurate approvals.

  • PerfectLO removes the back-and-forth between loan originators, processors, underwriters, and borrowers for quicker closings and more satisfied borrower.

  • Originators are able to interview the borrower in real time, while following PerfectLO's efficient and systematic loan process.

  • PerfectLO is multi-language, allowing borrowers to complete the questionnaire and review the document checklist in their preferred language.

  • Devices

    Business size

    S M L

    Markets

    United States

    Supported Languages

    English

    Images

    Borrowers can complete the in-depth loan questionnaire at their convenience
    PerfectLO provides borrowers with a checklist of documentation that is needed based on their answers
    White labeling allows the header and footer to be customized at the company and loan originator level.
    PerfectLO can be accessed on any mobile device or desktop
    Borrowers can complete the questionnaire and receive the checklist in their preferred language set by their browser settings
    View 6 more
    PerfectLO video
    PerfectLO screenshot: Borrowers can complete the in-depth loan questionnaire at their convenience PerfectLO screenshot: PerfectLO provides borrowers with a checklist of documentation that is needed based on their answers PerfectLO screenshot: White labeling allows the header and footer to be customized at the company and loan originator level. PerfectLO screenshot: PerfectLO can be accessed on any mobile device or desktop PerfectLO screenshot: Borrowers can complete the questionnaire and receive the checklist in their preferred language set by their browser settings

    Features

    Total features of PerfectLO: 12

    • Administrative Reporting
    • Approval Process Control
    • Automatic Notifications
    • Customizable Branding
    • Customizable Questions
    • Data Import/Export
    • Email Notifications
    • Multi-Language
    • Question Library
    • Reminders
    • Reporting & Statistics
    • Search Functionality

    Alternatives

    LoanPro Software

    4,8
    #1 Alternative to PerfectLO
    Full-service loan servicing software, robust API, Live amortization calculator, customer communication center,...

    CREDITONLINE

    4,9
    #2 Alternative to PerfectLO
    CREDITONLINE is a cloud-based solution, which helps lending businesses manage the entire lifecycle of loan origination...

    Vision

    4,5
    #3 Alternative to PerfectLO
    Vision is a web-based lease & loan origination solution designed to streamline workflow with credit analysis, data...

    PhoneBurner

    4,8
    #4 Alternative to PerfectLO
    PhoneBurner's Power Dialing platform helps inside sales teams reach 447% more contacts, increase live answers,...

    Reviews

    Overall rating

    5 /5
    (8)
    Value for Money
    5/5
    Features
    5/5
    Ease of Use
    5/5
    Customer Support
    5/5

    Already have PerfectLO?

    Software buyers need your help! Product reviews help the rest of us make great decisions.

    Write a Review!
    Showing 5 reviews of 8
    Kevin j. F.
    Overall rating
    • Used Daily for 1-5 months
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    This software helped me to grow my business, and sets me apart from my competitors! AWESOME!!!

    Reviewed on 2018/05/05

    My process has become so streamlined I still can't quite believe it. My processor thinks I'm the...

    My process has become so streamlined I still can't quite believe it. My processor thinks I'm the best LO in the world, but PerfectLO is 95% of that. This takes out the guess work with your borrower, and gives you the answers to the questions that you really need to know. Instead of just getting apps, now I get apps and comments from my borrower's about how enjoyable the process is.

    Pros

    Perfect LO allows me to spend time making new loans instead spending my time asking all the pertinent questions that are not covered on the 1003. In addition, it has made my submissions so much cleaner, and I'm getting "clear to closes" instead of "conditional approvals".

    Cons

    Although the software is very intuitive, and can have a large impact practically immediately. It is very powerful, and does take some time to optimize based on your needs. Not really a Con I guess, but that's really all I can come up with!

    Jaron S.
    Overall rating
    • Used Daily for 6-12 months
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    Gamechanger. My biz has increased 33%

    Reviewed on 2018/02/14

    Efficient , Multi Language, Best 1003 Platform. My team loves it !

    Efficient , Multi Language, Best 1003 Platform. My team loves it !

    Pros

    I spend more time selling/quoting than dealing with 1003 and conditions. This is the part of my job I love !

    Cons

    Cons? I wish my CRM would do talk to PerfectLO, not that I really need it once they have applied but that would be nice. PerfectLO does have an API built that is easy forCRMS to connect to but not with mine yet !

    Daniela F.
    Overall rating
    • Industry: Financial Services
    • Company size: 11-50 Employees
    • Used Daily for 1+ year
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    game changer for our industry

    Reviewed on 2017/11/30

    Pros

    Mobile friendly, gets complete applications, the CHECKLIST ! it saves me so much time. A standard loan application is missing so much info , PerfectLO has built a system that gets it right and accurate the first time

    Cons

    good question...i love everything about it. I hope they make it an LOS someday soon so I can dump calyx.

    Matthew T.
    Overall rating
    • Industry: Real Estate
    • Company size: 201-500 Employees
    • Used Daily for 6-12 months
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    Made me spend more time on sales rather than paperwork!

    Reviewed on 2018/04/03

    Makes my workflow simple and fast

    Makes my workflow simple and fast

    Pros

    User friendly! Seamless works with encompass. I send this to my realtors to send to their leads. Saves time calling me to call them for their information

    Cons

    Theres nothing to hate about this software. It makes my job easier so I cant say anything bad about that

    Verified Reviewer
    Overall rating
    • Industry: Real Estate
    • Company size: 11-50 Employees
    • Used Weekly for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    PerfectLO

    Reviewed on 2018/08/15

    Pros

    Perfect for using to have clients fill out their info. Translates if needed!

    Cons

    this is excellent software, maybe an app interface would help though

    Showing 5 reviews of 8 Read all reviews

    PerfectLO FAQs

    Below are some frequently asked questions for PerfectLO.

    PerfectLO offers the following pricing plans:

    • Starting from: US$59,00/month
    • Pricing model: Subscription
    • Free Trial: Available

    Individual: $59/monthly Team: $95/monthly Multi User Pricing: contact PerfectLO

    PerfectLO offers the following features:

    • A custom URL to embed in websites
    • A unique link for each loan originator
    • Approvals
    • Credit reporting
    • Customizable emails
    • Data export
    • Document checklist
    • Electronic applications
    • Email/text notifications
    • Government loans
    • HUD settlement statements
    • Integrated vendor services
    • Interactive questionnaire
    • Loan level pricing
    • Loan origination
    • Loan searching
    • Loan submission control
    • Multi-branch
    • Outsource processing
    • Pre-qualification
    • Question database
    • Refinance management
    • Reminders
    • Residential mortgages
    • Third party loan origination
    • White labeling

    PerfectLO has the following typical customers:

    Small Business, Mid Size Business

    PerfectLO supports the following languages:

    English

    We do not have any information about what devices PerfectLO supports

    PerfectLO integrates with the following applications:

    Microsoft Azure

    PerfectLO offers the following support options:

    Phone Support, Online Support

    Related categories

    See all software categories found for PerfectLO.