PerfectLO

Who Uses PerfectLO?

Small to midsize mortgage brokers/mortgage bankers and banks. Individual LO's within an Institution.

What Is PerfectLO?

The True Digital Loan Application softoware. The only system that goes beyond the 1003 and digs in. Designed by 20 year mortgage pro's. PerfectLO builds a complete and thorough checklist that will match your underwriters needs. LO and Consumer facing, Intelligent, Interactive, Multi-language, Mortgage Questionnaire. PerfectLO is a cloud-based mortgage software that solves one of the biggest problems during the loan application process. Admin access, Tridless options, multi-language &more.

PerfectLO Details

PerfectLO

https://www.perfectlo.com/

Founded 2015

PerfectLO Pricing Overview

PerfectLO does not have a free version but does offer a free trial.

Free Version

No

Free Trial

Yes

Deployment

Installed - Mac

Cloud, SaaS, Web

Installed - Windows

Mobile - iOS Native

Mobile - Android Native

Training

In Person

Live Online

Webinars

Documentation

Support

24/7 (Live Rep)

Business Hours

Online

PerfectLO Features

Loan Management Software
Amortisation Schedule
Client Database
Closing Documents
Commercial Mortgages
Contact Management
Credit Reporting
Customer Statements
Document Management
Electronic Applications
Government Loans
Loan Origination
Loan Servicing
Pipeline Management
Pre-Qualification
Refinance Management
Residential Mortgages
Audit Trail
Compliance Management
Customer Management
Document Management
Electronic Signature
Loan Processing
Online Application
Accounting Management
Amortisation Schedule
Auto Loans
Automatic Funds Distribution
Borrower Management
Business Loans
Collateral Tracking
Collections Management
Compliance Management
Construction Loans
Document Management
Investor Management
Loan Processing
Student Loans

PerfectLO Reviews

Showing 5 of 8 reviews

Overall
5/5
Ease of Use
5/5
Customer Service
5/5
Features
5/5
Value for Money
5/5
Kevin j. F.
President
Used the Software for: 1-5 months
  • Overall Rating
    5/5
  • Ease of Use
    5/5
  • Features & Functionality
    5/5
  • Customer Support
    5/5
  • Value for Money
    5/5
  • Likelihood to Recommend
    10/10
  • Reviewer Source 
  • Reviewed on 5/5/2018

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

Comments: 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!

  • Reviewer Source 
  • Reviewed on 5/5/2018
Jaron S.
Pres
Used the Software for: 6-12 months
  • Overall Rating
    5/5
  • Ease of Use
    5/5
  • Features & Functionality
    5/5
  • Customer Support
    5/5
  • Value for Money
    5/5
  • Likelihood to Recommend
    10/10
  • Reviewer Source 
  • Reviewed on 14/2/2018

"Gamechanger. My biz has increased 33%"

Comments: 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 !

  • Reviewer Source 
  • Reviewed on 14/2/2018
Daniela F.
Sr Loan Officer
Financial Services, 13-50 Employees
Used the Software for: 1+ year
  • Overall Rating
    5/5
  • Ease of Use
    5/5
  • Features & Functionality
    5/5
  • Customer Support
    5/5
  • Value for Money
    5/5
  • Likelihood to Recommend
    10/10
  • Reviewer Source 
  • Reviewed on 30/11/2017

"game changer for our industry"

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.

  • Reviewer Source 
  • Reviewed on 30/11/2017
Matthew T.
Mortgage Loan Originator
Real Estate, 201-500 Employees
Used the Software for: 6-12 months
  • Overall Rating
    5/5
  • Ease of Use
    5/5
  • Features & Functionality
    5/5
  • Customer Support
    5/5
  • Value for Money
    5/5
  • Likelihood to Recommend
    10/10
  • Reviewer Source 
  • Reviewed on 3/4/2018

"Made me spend more time on sales rather than paperwork!"

Comments: 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

  • Reviewer Source 
  • Reviewed on 3/4/2018
Verified Reviewer
Senior Loan Officer
Real Estate, 13-50 Employees
Used the Software for: 2+ years
  • Overall Rating
    5/5
  • Ease of Use
    5/5
  • Features & Functionality
    5/5
  • Customer Support
    5/5
  • Value for Money
    5/5
  • Likelihood to Recommend
    10/10
  • Reviewer Source 
  • Reviewed on 15/8/2018

"PerfectLO"

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

  • Reviewer Source 
  • Reviewed on 15/8/2018