How Does TORA Work?
TORA! not only lets you manage loans and set refinance targets from former and current clients but, most important, it allows you to “adopt” new loans from new clients. The mortgage adoption concept is what makes TORA! such an exceptional tool. Mortgage adoption is an innovative method for mortgage professionals to attract new clients by means of offering a mortgage loan management service. Loan adoption is a unique way to increase your current and future refinance portfolios!
Once the client decides to let you adopt his or her mortgage loan, you begin by entering into TORA! the client’s personal information and current loan situation such as property value, terms, interest rate, etc. Then you continue by entering a strategic or desirable refinance goal, such as increasing or decreasing terms, consolidating from two loans into one, etc. Lastly, you set targets and then activate TORA! Alarm for equity accumulation, monthly or annual loan savings, and/or months-into-loan. And that’s it! That fast, that easy!
