“I believed it was revolutionary and unique in the space, and it’s definitely turning out to be that way,” Fisher said. “The next step in today’s market was coupling it with non-QM, and that’s exactly what Kind has done.”
Best-in-class tech for non-QM ‘the next evolution’
Many brokers may have experienced working with a non-QM lender that wasn’t as tech-forward as Kind, and the difference is marked. The technology used has a significant impact on the experience and the bar should be set at dynamic. Kind adapted its existing pricing engine by adding “a substantial non-QM side to it,” Fisher noted.
Kwikie provides a whole menu for brokers, listing life events and the dates on which those happened, which credit scores and expense ratios work, LTVs, loan amounts, prepayment penalties — “It’s all factored in to get precise, accurate pricing all the way down to short-term rentals.”
“There are a lot of pricers out there that might have difficulty with that, but our Kwikie engine does not; from there brokers can turn that into a loan with simple, fun to work with applications and menus,” he said. “Kwikie is far and away a pleasure to work with. Everything’s laid out where you want it to be — intuitive is an understatement — and as you work through your loan, whether it’s changing the product, confirming fees, or drawing in vendors, you can do it all within our portal.”
When the user reaches the submissions step, everyone is alerted which is another differentiator with Kind’s technology. Kwikie offers a dashboard and, at any point in time, you can go back to the summary of what you’re doing, the credit, fees or notes, and it’s not just able to submit and lock the loan: it can also order the appraisal. It truly streamlines the process, ensuring the right people are getting the right information at the right time.
