What if the Equity Estimator shows insufficient equity?
If the estimate shows low equity, the property may not qualify for the program. However, you can still invite the borrower to apply if you believe the estimate may be inaccurate or if property value has increased since the last assessment.
Related Articles
Using the Equity Estimator Tool
Overview The Equity Estimator is a powerful qualification tool that helps you quickly determine if a property is eligible for a HouseAmp loan during initial conversations with potential clients. Where to Find It The Equity Estimator is located on the ...
How accurate is the Equity Estimator?
The Equity Estimator provides a good initial estimate based on public records and property data. However, the final loan amount is determined during the full underwriting process. Need Help? Email: support@houseamp.com Phone: (877) 537-2643
Can I use the Equity Estimator before inviting a borrower to the platform?
Yes. The Equity Estimator is available directly from your dashboard and doesn't require the borrower to be registered. Need Help? Email: support@houseamp.com Phone: (877) 537-2643
Best Practices for MLO Success with HouseAmp
Overview Practical habits, strategies, and tips to help you get the most out of HouseAmp and build a successful pre-sale improvement financing pipeline. Daily Platform Habits ? Check Your Dashboard First Thing: Start each day by reviewing your ...