Rate Reset | Loan Acquisition, Reset and Retention Software
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Transforming the Mortgage and Auto Loan Industry with

Rate Reset Technology

Adjust the rate and terms of mortgages and auto loans
with just a few clicks

Financial Institutions
learn more

Consumers
learn more

What Is Rate Reset?

  • Technology that empowers consumers to reset their existing loan electronically
  • Software that automates loan retention
  • Brand that protects against cost and hassle of refinancing in the future
  • Feature of a loan – not a new loan

Rate Reset for Auto

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Enables consumers to reduce monthly payments by extending term

Rate Reset for Mortgage

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Empowers consumers to reset their existing mortgages electronically

Rate Reset

  • Software platform for resetting, reporting and billing
  • Provide forms, addenda & riders
  • Turnkey employee training and marketing solutions

Financial Institutions

  • Set rates and screen loans for reset
  • Control all loan requirements
  • Review included forms, addenda, and riders

Consumers

  • Consumer reviews offer and new terms
  • Approves and e-signs documents in less than 60 seconds

Simple to Join

  • Up and running in less than 90 days
  • No new technology needed
  • No changes to processors
  • Minimal back-office support

Easy to Use

  • Rate Reset dashboard provides administrative control over all loan requirements
  • Turnkey marketing solutions provided to train employees and market to consumers
  • All legal documents included (riders, addenda, disclosures, etc.)

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Benefits for Your Institution

Attract & Retain Consumers

Increase Retention & Profitability

Compete More Effectively

Eliminate Back Office Cost

Simple & Easy

Benefits for Your Consumers

Saves Time & Money

  • No closing costs
  • No credit checks
  • No appraisals
  • No paperwork

Simple and Easy

  • Eliminates cost / hassle of refinance process
  • Turns 60 day process into 60 seconds

Builds Trust & Equity

  • Rewards consumer for paying on time
  • No change to amortization schedule

Low Loan Retention Rates*

25%

Industry continues to experience low mortgage retention rates

* Source: PWC: Mortgage Member Retention Survey (2007)

Cost & Hassle of Refinancing**

62%

Cost to originate a loan
has increased

** “Origination Report: Loan Processing Times on the Rise, Closing Rates Improve in September” Sawnson, Jann, MortgageNewsDaily.com, 10/17/2012

HELOCs About to Reset***

2.5

million HELOCs

to reset between
2015 – 2017

*** Source: Black Night Financial, September 2, 2014

Testimonials

testimonial_quoteNARFE Premier FCU has been thrilled with the results from our first full month using AutoHarmony’s “Rate Reset” and “LoanGen” products. We have closed 100% of the loan applications generated from the LoanGen product, including 2 loans on the very first day.

- J. Stiles

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I specifically joined Agriculture FCU because of Rate Reset protection. As a school teacher, I can’t afford the cost of refinancing plus the hassle of filling endless paperwork.

- D. Gore

testimonial_quoteI liked Rate Rest so much, I joined the company! It is so simple, I used Rate Reset protection to reset my mortgage when I was on vacation in England.

- M. Senchak

testimonial_quoteI live in New York where the refinance costs are very expensive. I’ve used Rate Reset protection to reset my mortgage three times, saving my family over $60,000 in fees.

- D. Brashear

testimonial_quoteBoth products are straightforward and simple for our members to use, generating leads for new loans as well as keeping our current portfolio of auto loans engaged with us. The programs are a win-win combination for us with a minimal budgetary impact. We couldn’t ask for much more.

- J. Stiles

In the News

mortgage-banking

“Disruptive Innovation: The Harmony Loan…Rate Change at a Click”

Mortgage Banking – April 2013

credit-union-times

“Harmony Mortgage Network Would Bridge CU-Bank Divide”

Credit Union Times – January 13, 2014

national-mortgage-news

“GTE Financial First CU Outside the D.C. Area to Offer Harmony Loan”

National Mortgage News – January 14, 2014

Accolades

finovate

Only Company to Receive Straight As

mortgage-banking

Tech All-Star 2013

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Top 10 Tech Companies to Watch in 2013