The Rate-Lock Process
First: Property Owners
First: Property Owners
First: Property Owners
Multifamily borrowers add their loan information to the KimmyMae portal and lenders compete for their business. Lenders buy a Mudzie™ license and get live interest rate indications on demand.
First: Lenders
First: Property Owners
First: Property Owners
Our market research tells us lenders need more access to live interest rate data. It's why we created Mudzie™ and are publishing business intellignece. Lenders compete for borrower business and sign them up. They apply for insurance on the loan with HUD, FNMA, or SBA.
First: Investors
First: Property Owners
Second: Property Owners
BC35 was retired. Our Mudzie™ solution will allow investors to run interest rates on their mobile devices and be notified of upcoming rate locks. They participate in our auction platform by agreeing to bid on the loans when the lender and borrower are ready to lock their rate.
Second: Property Owners
Second: Property Owners
Second: Property Owners
Borrowers get feedback about lenders via our Best Rate Lock Execution Certification in development. Loans are locked in the KimmyMae platform after the borrower signs all lender-required contracts and sends the good-faith deposit.
Second: Lenders
Second: Property Owners
Second: Investors
Our loan workflow platform helps lenders calculate mortgage proceeds and premium restrictions and keeps them on track. It manages the distribution of the HUD forms needed by investors and auto-generates trade confirmations post-lock.
Second: Investors
Second: Property Owners
Second: Investors
Investors see pending loans in the queue, bid on loans at auction, are updated on closing and delivery dates, receive market color post-auction, and may also be Best Rate Lock Execution-certified. 8 manual processes are eliminated.