Introducing PREQ2

Faster, Better and more Accurate

This is the World's most comprehensive mortgage pre-qualification tool that predicts closing costs and incorporates rental analysis with more than 20 lender worksheets.

Clients

Can conveniently estimate their maximum purchase price and send you important details for your initial assessment.

Clients do not have access to the full set of customizations and lender sheets reserved for professionals.

Mortgage Expert

Can customize all qualification parameters as needed and let calculate maximum purchase price with extreme accuracy.

Experts can offer clients the full picture and peace of mind by accounting sufficient funds for closing expenses. Generate and share beautiful consumer facing live reports.

Realtors

Save a tremendous amount of time while helping clients narrow down their search. Realtors can also use the PREQ during open houses to quickly help prospects to see if the property is within reach. Realtors also use the PREQ to educate clients on closing costs and various expenses when purchasing a home.

Admin ONLY

Non-Subject Lender Sheets

With a built-in non-subject worksheets for 20+ lenders, professionals can easily view and compare which lender yields the highest purchase power.

End to End Customizations

Admin’s can customize it all, LTV, GDS/TDS, Qualification Rules, Rates, Subject Rental Configurations, Home expenses and even simulating what if scenarios by turning on/off debts.

Short Overview Video

Unlike anything you have seen before

Wants this feature on your app?

PREQ2 is not available on all apps. If you don't have access to it and would like to have it, please ask your Broker of Record to book a zoom call with us.

Book Demo

Personalized

Smart wizard and easy flow that adapts to user responses.

Super Accurate

Designed in consultation with top experts in Canada.

Extremely Fast

The fastest way to provide clients with how much they can qualify.

Beautiful UI

Stunning visuals and animations that enrich the user's experience.

Branded Reports

Generate consumer-facing reports. Update already sent reports.

Multiple Scenarios

Create, store and update an unlimited number of scenarios

Push Notifications

Real time alerts when a client completes a pre-qualification scenario.

Closing Costs Estimation

Intelligently reserves funds needed while maximizing purchase power.

Expense Estimation

Location-specific estimation for condo fees and property taxes.

Customize Expenses

Overwrite all expenses and re-calculate max potential offer.

B20 Guidelines & Rules

Built-in B20 guidelines and insurability rules for the MQR.

Subject Rental Rules

Configure all subject rental rules with add-backs or offsets.

Unlimited Liabilities

Quickly add liabilities and automatically calculate minimum payments.

Debt Pay Off Simulation

No need to remove liabilities and adjust DP ever again. Tap as paid!

Investor Friendly

Add existing properties with 1st and 2nd mortgages and HELOCs

Lender Rental Sheets

Simultaneously view DSCRs for multiple lenders.

Customize GDS/TDS

Set max GDS/TDS and let the app figure everything else out.

Min Income Needed

Find the minimum required income for a specific purchase price.

Min Required Funds

Move a slider and find the required funds for a specific purchase price.

Min Down Payment Rules

Incorporates min down payment rule for insured mortgages.

Exclude Expenses from TDS

Simply turn on a switch an exclude home expenses from the total debt service ratio.

Customize Rates

Set your rate and let the app figure out the MQR while comparing insurability rules.

Enforce LTV

Set a specific LTV and let the app figure out the required DP, purchase price, mortgage and insurance.

Analysis Breakdown

Shows the break down on how all the numbers are calculates similar to filogix

Here are 12 more Video Tutorials

We'll cover this impressive tool from 0 to Hero!

Lender Sheets

What if we were to tell you that the app can simultaneously complete all lender worksheets and calculate their surpluses and shortfalls?

Then feed the data back into our pre-qual algorithm and estimate the maximum purchase price for each.

We just did.