TMC Preferred Partner: LoanSense
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Product Overview
LoanSense provides a pipeline review service that scans lenders’ loan pipelines and automatically alerts the loan officer when the borrower can reduce their student loan payments and improve their debt-to-income by a specified threshold to move from unqualified to qualified. LoanSense alerts the assigned loan officer and saves deals. Implementation is low lift and turnkey. On the borrower side, LoanSense manages all federal programs to qualify for income-driven programs, loan forgiveness, borrower defense, and other programs to reduce the student loan debt burden permanently. Our goal is not to extend student loan repayment terms but to address borrowers' long-term financial health with a reduced balance through government subsidies that already exist today. LoanSense retrieves guideline-compliant documents to close on their mortgage with a lower student loan payment and balance. LoanSense’s Founding Founded in 2019, LoanSense is the only solution that addresses the second largest debt in the United States, student loans at the intersection of homebuying. Our founder, Cat Kaiyoorawongs, believes deeply in the American dream and was turned down for her first home. Cat changed her student loan plan and closed on her first home soon after. She knew this would be the problem of her generation. Cat has brought thought leadership to the industry to change guidelines and policies to better address the needs of Millennials and Gen Z, who are disproportionately burdened by student debt. The average payoff is 43 and those over fifty, more than ever, are borrowing for their children's education. Understand how LoanSense uses federal funds currently available to reduce this burden and help more borrowers in your pipeline close on 4 to 5 more loans per 100 applications. |
Testimonials
Fannie Mae - Loan officer shares how LoanSense helps them close more loans Deanna - Denied for a home before finding LoanSense Alex - Protips on how to boost home buying power by $150,000 Become a LoanSense lender partner Learn more here: https://bit.ly/TMCLoanSense |
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