Name: What does OnlineApplication do for brokers?
Uploaded: 2020-07-02T12:52:10.000Z
Duration: 1 min 14 s
Description: What does OnlineApplication do for brokers?

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### Mortgage and Loan Origination
Users consistently praise OnlineApplication's streamlined mortgage and loan origination processes. They highlight the platform's efficiency in handling documentation requirements, initiating the process quickly, and facilitating fast approvals. The AI-powered identity verification solution is also commended for simplifying the verification process. Clients appreciate the platform's ability to centralize all aspects of the mortgage application journey, making it fast, accessible, and user-friendly. Additionally, users note that OnlineApplication significantly reduces the time required to process mortgages and enhances the overall client experience.

### Client Onboarding Processes
Users consistently praise OnlineApplication's client onboarding processes for streamlining the entire process from start to finish. The platform's ability to eliminate paperwork, provide a digital solution for all processes, and offer AI-powered identity verification has been highly commended by users. Additionally, the intuitive and user-friendly nature of the system has made it a preferred choice for managing loan origination efficiently. Clients appreciate the convenience of being able to provide their mortgage application details and documents securely and compliantly. The system's capability to automate tasks, allow clients to track their application progress in real-time, and facilitate easy document uploads has significantly improved the overall client onboarding experience.

### Broker and Lender Collaboration
Users consistently highlight OnlineApplication's broker and lender collaboration as a pivotal strength, citing its ability to simplify the submission of applications to various lenders. The platform's tailored design for brokers resonates positively, with users noting the significant time savings and operational efficiencies achieved through streamlined collaboration between brokers and lenders. While some users mention minor integration gaps with certain lenders, the overall sentiment leans heavily towards the platform's effectiveness in enhancing broker and lender collaboration for mortgage origination processes.

### Platform Usability and User Experience
Users unanimously praise OnlineApplication's platform usability and user experience features. They appreciate how the platform was designed with brokers in mind, ensuring a smooth client journey. The platform's constant improvements based on user feedback have enhanced its efficiency and quality. Clients find the platform easy to navigate, allowing for quick mortgage applications and document uploads, reducing stress and streamlining the process. The platform's user-friendly interface, self-driven features, and excellent customer service contribute to a positive overall experience for users.

### Customer Service and Support
Users consistently praise OnlineApplication's exceptional customer service and efficient support teams. They highlight the quick resolution of any issues that arise and the accommodating nature of the support staff. While some minor glitches with documentation uploads have been reported, users appreciate how these are promptly addressed by the support teams. In general, the sentiment towards OnlineApplication's customer service and support capabilities is positive, with users valuing the professionalism and friendliness of the service team.

### Efficiency Enhancements
Reviewers consistently highlight the efficiency enhancements offered by OnlineApplication as a key strength of the platform. Users appreciate the time-saving features, streamlined processes, and the ability to easily track and manage applications. The platform's focus on enhancing efficiency has garnered positive feedback, with users noting the convenience and effectiveness of the system in simplifying tasks and improving overall productivity.

OnlineApplication is a software solution designed to empower mortgage brokers, lenders, and life insurance companies. According to the vendor, this platform offers a range of features and tools specifically tailored to the needs of these industries. Whether you are a small mortgage brokerage or a large life insurance company, OnlineApplication provides tools to streamline processes, enhance compliance, and improve customer experience. The product aims to be user-friendly and customizable, making it a valuable asset for professionals in the mortgage and life insurance sectors.

## Key Features

**OA Advisor**: OnlineApplication offers a white-label product that allows clients to build their brand. Clients can submit applications at their convenience, on any device, guided by system prompts. The platform aims to achieve paperless transactions, reducing environmental impact. OnlineApplication also provides training to all users to ensure successful adoption and transformation.

**OA Lending**: OnlineApplication helps clients minimize origination costs while scaling up. The platform ensures compliance through automation and independent third-party audits. Integrating the Loan Origination System (LOS) with the underwriting apparatus leads to faster turnarounds and improved churn rates, according to the vendor.

**OA Life**: OnlineApplication allows users to do compliant risk profiling and generate quotes on the go. Users can access underwriting engines for immediate results. The platform enables users to uncover solutions for their clients and deliver more value as an advisor through automated advice queries, as claimed by the vendor.

**Guided Tour**: OnlineApplication offers a guided tour to help users navigate and understand the platform's features and capabilities. This feature aims to assist users in quickly familiarizing themselves with the platform and maximizing its functionalities, according to the vendor.

Online Application has proven to be a valuable tool for loan advisors, streamlining the process and solving various business problems. With this software, users have been able to speed up their application processes and obtain approvals quickly, enhancing overall efficiency. The ease of submitting applications to multiple lenders through the platform has also significantly improved customer service, simplifying the application submission experience for clients.

One major challenge that loan advisors face is handling large volumes of business in mortgage origination. Online Application has provided a much-needed relief by helping loan advisors stay on top of their workload and keep their pipeline organized. The platform allows for initial case assessment when applications and documents are uploaded, effectively kick-starting the process with clients in a timely manner.

By keeping all documents and information in one place, Online Application has greatly improved efficiency and reduced the time spent searching for information. The elimination of paper documents not only saves time but also increases overall efficiency, making it a highly beneficial solution for loan advisors who can now work without being tied to printers and scanners.

Meeting in person is no longer necessary with Online Application, benefiting both loan advisors and clients. This flexibility allows for remote work, saving time and providing convenience for all parties involved. The transition to a paperless process has been proven effective and efficient, effectively dealing with administrative logjams and inefficiencies in processing applications.

The software's seamless integration with an online platform for lead generation has been a game changer for users. It offers a best-in-class tech solution that enhances the client experience and provides loan advisors with a competitive advantage. With significant reductions in processing time, Online Application delivers tangible results by significantly speeding up the mortgage process.

Overall, the user experiences with Online Application highlight its ability to solve key business problems faced by loan advisors, offering efficient application processing, improved organization, time savings, enhanced customer service, and streamlined operations through paperless processes and remote work capabilities.

OnlineApplication is a Mortgages as a Service platform that provides an end-to-end mortgage journey designed to help brokers and lenders serve their clients in a compliant, fast and efficient manner.  They offer a self-driving 'one touch' mortgage designed to deliver even greater efficiencies. The vendor states their aim is to make financial services easier, faster, and better by utilising the latest mobile technology, machine learning, and document management so that intermediaries can deliver big box solutions at a reasonable price.

Plaid in San Francisco offers a suite of applications supporting banks with risk management and customer account management features. Plaid is used by digital financial apps and services like Betterment, Expensify, Microsoft and Venmo, and by banks to make it easier for consumers to connect their financial accounts with the apps and services they want to use. Plaid connects with over 11,000 financial institutions across the U.S, Canada and Europe.

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What is OnlineApplication for brokers?

In this video, we are giving you a simple explainer to show what OnlineApplication does for brokers with some insight into how it works for clients, brokers, and the interface that feeds applications through to lenders. We have many features built-in which include technologies like facial recognition, open banking, artificial intelligence, and various document analytics. This is how we can make mortgages and insurance easier, faster, and better for everybody.

What does OnlineApplication do for brokers?

OnlineApplication is a software for brokers that makes all you do easier, faster, and better for everybody. 



This video gives you a brief idea of how it works, contact us to find out more.

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What is OnlineApplication?