Prescriptive Scenarios – We’re Predicting The Future

What are Predictive Scenarios? 

They are all around us. Netflix, Amazon and even Spotify leverage these scenarios to keep you coming back for more by predicting which product you need right then, or which new show will keep you binge-watching until the last episode.

Sales Boomerang predicted the future with you in mind…

Prescriptive Scenarios is the next generation of our product suite. They convert higher, paint a better picture for your borrower, and give your LO a complete story. We’re creating smart loan scenarios designed to identify personalized loans for each borrower.

A better picture for the borrower

 We are moving from 1 criteria per alert to multiple criteria to get a fuller picture of the borrower, their needs AND qualifications. Equity Watch will be evolving to Cashout Opportunities; Rate Watch will be Evolving to Rate and Term. 

Jim has 35% equity, a credit score of 718, and $74,000 in debt.

He’d be perfect for a Cash Out! 

A more complete story for the LO

As we roll out additional loan scenarios and identify records that are being tracked by multiple opportunities, when we trigger an alert we’ll also validate whether or not that borrower has a previous alert in a different category, is applicable for other categories as well, or is close to another alert.  

Jim has 35% equity, a credit score of 718, and $74,000 in debt. 

He’d be perfect for a Cash Out!

ALSO, rates have dropped and he also qualifies for a Rate and Term which could save him $500/mo on his mortgage payments, or reduce his term to 15 years and save him $125,000 over the life of his loan. 

Enrichment

Enrichment will give LOs a layered alert, pulling data from our partners, running it through our proprietary algorithm, and giving the LOs a full picture of the borrower based on our analysis.

Jim has 35% equity, a credit score of 718, and $74,000 in debt.

We see that he refinanced a few years ago with a rate and term, and today’s rate difference isn’t that significant.

We also know Jim has 3 kids in college and one about to enter the workforce.

Sadly, he recently had a divorce, and his co-borrower applied for another loan 2 months prior through our mortgage inquiry alerts.

Jim could benefit significantly from consolidating that debt and taking a cashout.

Eliminate Analysis Paralysis 

Too much data can be an issue, but with Predictive Scenarios we will eliminate the loan discovery process in order for you to focus on actionable-insights. Predictive Scenarios will deliver real-time alerts which creates a better picture of your borrower to anticipate what they need and when they need it.  This automated and dynamic system helps you build a stronger borrower-lender relationship, and creates more time for you in your work day. 

We take all of your borrower data points and apply them to one or multiple alert types. Then, we leverage your data combined with multiple data sources built in our data warehouse to ensure that a record is being tracked for the right type of alert: dynamically and automatically. 

We focus you to drive performance.

Magic Number: 11

On average a borrower will have 11 loans in their life-time. We want you to be there for them each step of the way. Don’t settle for loan #1-3, be there for all 11. Act clearly and seamlessly to help build wealth for your borrower. With a dynamic and automatic alert system, you will reach that magic number.