Cotality 101
What is Cotality’s slogan
What is Intelligence Beyond Bounds
What does LTV stand for in mortgage lending?
What is Loan-to-Value Ratio
What is the first step in a successful sales call?
What is Establishing rapport with the prospect.
What does API stand for in technology?
What is Application Programming Interface.
What is the highest-grossing film franchise of all time?
What The Marvel Cinematic Universe (MCU).
What does Cotality help lenders track to prevent borrower churn?
What is borrower intent signals, such as credit pulls and market activity.
What is the typical minimum credit score required for a conventional mortgage?
What is 620
What is a common objection lenders have when considering borrower retention tools?
What is “We already have a CRM.”
What type of alerts does Cotality use to notify lenders about borrower activity?
What is Real-time borrower intent alerts.
In the video game The Legend of Zelda: Ocarina of Time, what is the name of Link’s fairy companion?
What is Navi
What major problem in the mortgage industry does Cotality solve?
What is helps lenders prevent runoff and retain customers by identifying refinancing and home-buying opportunities early.
What government-sponsored entities (GSEs) buy mortgages from lenders?
What is Fannie Mae and Freddie Mac.
What does “ABC” stand for in sales strategy?
What is Always Be Closing.
What is a webhook, and how is it used in integrations?
What is an automated message sent from one system to another when an event occurs, often used to trigger updates in integrated platforms.
What was the first video ever uploaded to YouTube?
What is Me at the zoo by Jawed Karim.
What integrations does Cotality offer to help lenders streamline workflows?
What is Integrations with CRM systems, LOS platforms, and credit monitoring tools.
What is the difference between a fixed-rate mortgage and an adjustable-rate mortgage?
What is A fixed-rate mortgage has a constant interest rate for the loan term, while an adjustable-rate mortgage (ARM) has an interest rate that can change periodically based on market conditions.
What percentage of borrowers typically return to their original lender for a refinance or new home loan?
What is Less than 20%
What is the primary advantage of cloud-based mortgage software compared to on-premise solutions?
What is Scalability, accessibility, and real-time updates without manual maintenance.
What actor has the most Academy Award nominations for acting in history?
Who is Meryl Streep. with 21 nominations as of 2024.
What name has replaced the "CoreInsider"?
What is The Starling
What was the highest recorded mortgage interest rate in U.S. history, and in what year?
What is 18.63% in 1981.
In the world of mortgage lending, what is the significance of the term “EPO,” and why does it matter for lenders?
What is Early Payoff (EPO) occurs when a borrower refinances too soon, triggering a clawback on loan originator commissions.
What is the role of AI in modern mortgage lending technology?
What is analyze borrower behavior, predict loan churn, automate customer interactions, and improve risk assessments.
What is the real-life name of the fictional island where Jurassic Park is set?
What is Isla Nublar