Guaranteed Rate To Introduce New RED-VP Mobile App

Banking CIO Outlook | Friday, July 22, 2022

Guaranteed Rate offers its new RED-VP mobile app, which will vastly improve loan officers' mobility while out in the field.

FREMONT, CA: “Guaranteed Rate is dedicated to developing incredible Fintech solutions that make a real difference for our Loan Officers and their customers," states Ramesh Sarukkai, Guaranteed Rate's Chief Product and Technology Officer. Guaranteed Rate, an innovative mortgage lender that strives to be the nation's leading Fintech, has come up with the release of its new RED-VP mobile app. This end-to-end digital application is intended to make Loan Officers more productive and efficient wherever, at any time. This industry-leading digital technology is meant to function as a mobile pipeline, enabling Loan Officers to perform any task, from issuing a pre-approval letter to locking in a rate, in real-time and from a remote location using only their smartphone.

"Our transformative new RED-VP mobile app is just one more way we are setting our Loan Officers up to win by providing them with the best end-to-end digital tools in the industry," adds Sarukkai.

Loan Officers know that business rarely occurs on a 9-to-5 schedule and that their customers have needs that extend well beyond those hours. The new RED-VP mobile app enables Guaranteed Rate to take advantage of business possibilities and meet customer demands anytime. RED-VP offers simple biometric login on mobile and the ability to leverage app notifications to significantly improve mortgage application process efficiencies. By opening the RED-VP mobile app, Loan Officers can quickly establish a new loan, send a one-click conditional approval letter, fast rates, and obtain real-time pricing. Additionally, they can run automatic underwriting, get immediate access to your pipeline and contacts, run a credit report, verify property details, and receive a summary of all loan information.

"The new RED-VP mobile app is a real game-changer for Loan Officers who are always on the go," comments Justin Lopatin, an SVP of Mortgage Lending at Guaranteed Rate. "It allows me to be mobile and super effective no matter where I am or what time it is. Best of all, it makes the process of getting your dream home that much faster and simpler for my customers."

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