PerfectLO Pricing, Features, Reviews & Comparison of Alternatives

PerfectLO

Mortgage & loan origination

5.0/5 (8 reviews)

PerfectLO overview

What is PerfectLO?

PerfectLO is a mortgage and loan solution for small to midsize mortgage brokers, mortgage bankers and banks, designed to help simplify and accelerate the digital loan application process. PerfectLO offers an interactive questionnaire which systematically and intelligently asks borrowers the necessary questions in order to complete their loan profile, including a detailed document checklist.

The document checklist is based on the borrower’s answers, and automatically imports into the loan originator's current LOS system, along with an easy to read document including the borrower's answers and a summary of key information. Borrowers are able to complete PerfectLO’s in-depth loan questionnaire via any mobile device or desktop computer. Originators can also ‘interview’ the borrowers in real time while following the solution’s systematic process.

The document checklist may include a welcome paragraph, reminders, do's and don'ts, and any other pertinent information for the borrower. Users can also customize the header and footer of each page, at both the company and loan originator level. Each LO is provided with a unique link which enables them to attach an email signature, social media pages, and more, and takes borrowers directly to the LO’s portal. PerfectLO also provides organizations with a custom URL to embed onto their business website, allowing borrowers to be able to choose their preferred LO.

Email and text notifications are sent to originators whenever a borrower initiates a questionnaire, and again after it is submitted. Users can also customize the emails which are sent to borrowers after completion, and may also include the document checklist. PerfectLO enables borrowers to read and complete their questionnaires in their preferred language, as well as their document checklist. Loan originators can view the questionnaire, checklist, and results in English.


www.perfectlo.com

Pricing

Starting from
$59/month
Pricing options
Free trial
Subscription
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

United States

Supported languages

English
PerfectLO screenshot: Borrowers can complete the in-depth loan questionnaire at their conveniencePerfect LO Overview VideoPerfectLO screenshot: PerfectLO provides borrowers with a checklist of documentation that is needed based on their answersPerfectLO screenshot: White labeling allows the header and footer to be customized at the company and loan originator level.PerfectLO screenshot: PerfectLO can be accessed on any mobile device or desktopPerfectLO screenshot: Borrowers can complete the questionnaire and receive the checklist in their preferred language set by their browser settings

PerfectLO reviews

Excellent
8

Very good
0
Average
0
Poor
0
Terrible
0
Value for money
Features
Ease of use
Customer support
  5.0
  5.0
  5.0
  5.0
Kevin J. Force

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

Used daily for less than 6 months
Reviewed 2018-05-05
Review Source: Capterra

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!

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Jaron Simpson

Gamechanger. My biz has increased 33%

Used daily for 6-12 months
Reviewed 2018-02-14
Review Source: Capterra

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 !

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Daniela French

game changer for our industry

Used daily for 1-2 years
Reviewed 2017-11-30
Review Source: Capterra

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.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Matthew Tran

Made me spend more time on sales rather than paperwork!

Used daily for 6-12 months
Reviewed 2018-04-03
Review Source: Capterra

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

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Anonymous

PerfectLO

Used weekly for 2+ years
Reviewed 2018-08-15
Review Source: Capterra

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

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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PerfectLO pricing

Starting from
$59/month
Pricing options
Free trial
Subscription
View Pricing Plans

Individual: $59/monthly

Team: $95/monthly

Multi User Pricing: contact PerfectLO

PerfectLO features

Automatic Notifications
Data Import/Export
Reporting & Statistics

API (272 other apps)
Accounting Integration (162 other apps)
Accounting Management (180 other apps)
Activity Dashboard (224 other apps)
Audit Trail (130 other apps)
Billing & Invoicing (185 other apps)
Compliance Management (181 other apps)
Customizable Reporting (166 other apps)
Electronic Payments (170 other apps)
Expense Tracking (164 other apps)
Financial Analysis (128 other apps)
Invoice Management (234 other apps)
Invoice Processing (150 other apps)
Multi-Currency (163 other apps)
Real Time Data (146 other apps)
Third Party Integration (206 other apps)
Workflow Management (148 other apps)

Videos and tutorials

Additional information for PerfectLO

Key features of PerfectLO

  • Credit reporting
  • Electronic applications
  • Loan level pricing
  • Loan origination
  • Loan searching
  • Loan submission control
  • Pre-qualification
  • Residential mortgages
  • Refinance management
  • HUD settlement statements
  • Government loans
  • Multi-branch
  • Third party loan origination
  • Integrated vendor services
  • Outsource processing
  • Question database
  • Interactive questionnaire
  • Approvals
  • Data export
  • Document checklist
  • White labeling
  • Reminders
  • A custom URL to embed in websites
  • A unique link for each loan originator
  • Email/text notifications
  • Customizable emails
View All Features

Benefits

PerfectLO helps to build a perfect document checklist based on the questions answered and works with all LOS, mobile devices and is multi-language.

Avoid inaccurate loan applications and unnecessary credit pulls with a simplified and streamlined process for clean and accurate approvals.

PerfectLO removes the back-and-forth between loan originators, processors, underwriters, and borrowers for quicker closings and more satisfied borrower.

Originators are able to interview the borrower in real time, while following PerfectLO's efficient and systematic loan process.

PerfectLO is multi-language, allowing borrowers to complete the questionnaire and review the document checklist in their preferred language.