LoanSense is trusted by lenders to boost home affordability

LoanSense helps lenders decline fewer loans and increase the buying power for clients. No lender can afford to turn down a borrower and LoanSense identifies opportunities to originate more loans automatically.

LoanSense triggers 15-35 alerts to loan officers a week on loans LoanSense can positively impact in terms of buying power, helping lenders originate dozens more loans a month.

You can sign up for a free trial here. Or book a demo with our sales team to learn how we launch with your enterprise. If you are a loan officer that wants to use LoanSense Affordability Calculator, come to our weekly sales call here.

Before your signup, LoanSense provides a template for you to pull data from your LOS and we perform a FREE analysis to show you how much LoanSense can reduce student loan payments and DTI. Once you understand the potential to your business, LoanSense provides an indidual brand ROI. Once you sign up, we assign you an account executive, you can assist you with borrower scenarios and even underwriting guidelines. We provide you all our marketing materials, loan officer training and FAQWs to help guide all your loan officers. LoanSense will continue to review your loan pipeline on a weekly basis to pull through more loans and send an alert to the assigned loan officer. Along with this, whether you or your borrower purchases our service, we cut out the confusion of processing their student loans so they can close on a home at a higher value, faster.

Freddie, Fannie, FHA and VA loans allow for federal student loan income-driven repayment plans to count towards reduced DTI. While payments are in pause, you may calculate a percentage of the federal student loan balance towards the DTI. 0.5% for Freddie and FHA and 1% for Fannie but LoanSense can kick a borrower into repayment with a lower repayment plan, qualify the borrower for loan forgiveness and allow them to dedicate their monthly payments towards an equity building mortgage, while getting on track to get loan forgiveness. This boosts the purchasing power and commission you make, while solving a problem for millions of Americans and helping them achieve homeownership 5 years sooner.

We adjust payments through federal student loan programs that likely do NOT involve consolidation. Consolidation combines multiple loans into one and starts the borrower at payment zero. This isn’t necessary and in most cases may cause harm. We enroll borrowers into programs in which they qualify based on their income, family size and employer type.

These are programs borrowers may enrolling on their own but 79% commit errors, due to the confusing process, and can triple the amount of time it takes to get to closing.

No, we don’t extend payment plans; we enroll borrowers into programs that allow them to get forgiveness. It’s like a tax credit, but in lieu it’s an interest subsidy credit. LoanSense then helps the borrower manage their student loan most-close to help them achieve the best results. We are truly an extension of your lending brand and help borrowers overcome the complex paperwork to achieve a lower student loan payment within the federal student loan system. We do the work and your become the hero.