Founder/CEO – Tom Kowalchik

I have worked as a mortgage lender since 1999 both as a broker and mortgage banker. Very early on I realized how inadequate and inefficient my LOS software (all of them) was to use for doing the one thing I was doing multiple times a day – providing detailed cost estimates to my clients and referral partners.

With that I started working on building a ‘fancy’ spreadsheet – I think on some level we’ve all used one – to become even slightly more efficient at doing this menial task. Over the years the spreadsheet got better and better by auto calculating title insurance, appropriate PMI rates based on credit score/down payment, accurate taxes based on millage/location, showing loan comparisons and cost over time as well as fully assessing if someone should really refinance their existing loan. For myself, I wanted a tool that was not designed to ‘sell’ a particular mortgage but rather to educate my clients so that they could make well-informed decisions.

After building a broad base of raving fans for the spreadsheet, I decided it was time take the spreadsheet to the next level - this website. Despite my initial thinking that developing a web based, user-friendly website would be easy, I quickly realized that finding the right partners/developers would be more challenging. It took years to find one that was actually able to put together the complex behind the scenes math, make it look pretty and be somewhat local (to the USA).

While this tool for loan officers may seem complete and effective as is, it will likely never be truly finished. There is already a list of planned improvements and along the way I’m sure there will be more as the wish list is constantly being added to based on my own experience and feedback from you, my subscribers.

There are certainly choices when it comes to how you provide information to your clients from full presentation software with all the bells and whistles to basic payment calculators. My goal was to have a fast, accurate and detailed solution to meet the needs of loan officers. The more we can automate/calculate behind the scenes, the easier and faster it is to use. If it takes more than a minute to do an estimate or comparison, it’s too long—and time is money.

To see it in action head out to our Facebook page – HERE