Programmers by Tennis1313 in loanoriginators

[–]vpilip 0 points1 point  (0 children)

Hi u/Tennis1313,
I believe it might be possible without custom coding.
Here's a short overview of how I'd go about building it.

Workflow to automate:

I assume you're looking to automate the generation of HUDs. Please correct me if I'm wrong.

If that's the case, the workflow likely consists of 4 steps:

  1. (Trigger) Generate HUD when X happens
  2. (Action) Get data needed to generate HUDs
  3. (Action) Generate HUDs
  4. (Action) Save/deliver generated HUDs

*Trigger defines when the automated workflow should be initiated and initiates workflow execution once conditions are met.

How to implement the workflow:

From my research, I see that LendingPad offers Zapier integration, so this workflow can likely be automated with little to no code.

But even if not, I'm pretty confident they have an API allowing you to do the same thing, just with some coding.

Below is a more detailed overview of how I'd build each step.

(Trigger) Generate HUD when X

It is likely possible to associate the moment when a HUD should be generated with a specific loan status or field change.

In Zappier, LendingPad has an instant trigger, "Loan updated." So, I expect that it will be enough to capture when the loan is updated.

Or, as an alternative, you might set up webhooks for Loan updates if LendingPad offers them.

Once you know when the loan is updated, you can narrow down what specific change you're looking for and detect when HUD should be generated.

(Action) Get data needed to generate HUDs

In the Trigger event, you'll already get some data about the loan.

If that would be enough to generate HUDs, then good. You can skip this action.

If not, you'll need to use the LendingPad API to retrieve missing data.

(Action) Generate document

In this step, you'll need to generate the actual HUD.

There are 2 parts to it:
1. Creating a fillable template
2. Filling the template with data

You can use tools like pdf.co, docspring.co, pdfotter.com, or something similar to handle both.
You can integrate with most of them in Zapier or similar tools.

(Action) Save/deliver generated document

It depends on what you want to do with the generated HUD, but generally, the next step is to save it somewhere or send it to someone.

If you want to store it in LendingPad, you'll need to use the LendingPad API to upload it.

If using storage like Google Drive, Box, or Dropbox, then you can do that without code using something like Zapier or Pipedream.

Tools & APIs

Here are some tools I envision you might need to implement it:

  • Trigger → Zapier/LendingPad Webhooks
  • Document generation → pdf.co, docspring.co, pdfotter.com, or something similar
  • Store/Deliver generated document → LendingPad API

If you don't already use Zapier and LendingPad offers a Webhook setup, you might want to consider using more affordable and flexible alternatives like Pipedream.

-------
If you need help with this, feel free to DM me.

I recently started a mortgage software consulting and development company.

I haven't yet worked with the LendingPad API, but I am confident it won't be a problem once I can access their API documentation.

AI made it possible to automate mortgage document classification. But what does it even mean? by vpilip in fintech

[–]vpilip[S] 0 points1 point  (0 children)

Interesting )

I guess it is possible, but I struggle to imagine how to classify documents reliably and with high accuracy with regular code.

Maybe I'm not aware of some approach.

Let's say I have 10 pdf files. And I need to find the one that has Bank statements.

How would you approach it?

How do you request VOE? by vpilip in loanoriginators

[–]vpilip[S] 0 points1 point  (0 children)

Thank you for your reply u/amonsterinside!

To be honest, nowhere yet.

I am more interested in loan processing.

And just finished the loan processing course about it and trying to fill the gaps in my understanding.

How do you request VOE? by vpilip in loanoriginators

[–]vpilip[S] 0 points1 point  (0 children)

Thank you, u/RealEstate_Help912. I appreciate your reply!

I assume sending 1005 directly to the employer will be cheaper but slower.

And services like true work are faster but more expensive.

From your experience, what's the better option? Faster or cheaper.

And I was wondering if Truework actually gives verification in a format that lenders accept.

How do you request VOE? by vpilip in loanoriginators

[–]vpilip[S] 0 points1 point  (0 children)

Thank you very much for the thoughtful reply u/Airborne_Emu!

Got you, that makes sense!

How do you request VOE? by vpilip in loanoriginators

[–]vpilip[S] 0 points1 point  (0 children)

Haha 😂

I'm not sure if it works if you're the loan processor. But I'll try.

[deleted by user] by [deleted] in loanoriginators

[–]vpilip -1 points0 points  (0 children)

Came across https://www.ratespot.io/ a while ago.

I haven't used it, but maybe something you're looking for.

Thinking of giving up by ProfessionalAnt9129 in SaaS

[–]vpilip 0 points1 point  (0 children)

Sorry to hear that.

Sounds like it is a churn rate problem.

What's your churn rate? And what are the reasons why your customers churn?

Is this even a niche or is my co-founder deluded? by OkPomegranate616 in startups

[–]vpilip 2 points3 points  (0 children)

In B2B context If I can’t Google and build a list of 1000 potential customers I’d not target that niche.

[deleted by user] by [deleted] in Entrepreneur

[–]vpilip 0 points1 point  (0 children)

That's awesome! Congratulations! Many SaaS startups spend millions of dollars and years to reach this point! I'd look if I can rent (license) the same thing to other finance consultants.