LoanPro's Quick Quote tool allows users to calculate the values of an entire loan's life without permanently saving it. This feature is great for proposing the terms of a loan to a potential borrower before creating and saving the information in your account. 

Using the Quick Quote tool works the same as creating a new loan—you input the type, terms, and configuration for the proposed loan, our system will calculate everything, and then the system will remove the loan from your account automatically after a period of time. If you decide you want to convert a Quick Quote into a loan, you can do so with the click of a button.

Using Quick Quotes

To create a new Quick Quote, navigate to Tools > Quick Quote within your loan account.

Determine the category and type of loan you're quoting, then click ‘Continue’.

Next, enter all the loan terms—just like you would if you were creating a new loan within the Account Manager. Enter the applicable loan terms, escrow calculator data, and advanced configuration data. If you'd like, you can also enter Custom Field information and late fee configurations. When you're satisfied with the terms you've entered, click ‘Save & Calculate’ to run the calculator. The values of the loan will be displayed below.

You also have the option to test some other loan setting tools under the blue ‘Schedule Tools’ button and the blue “TIL Tools.” There's also the funding tool that lets you set up a funding request. 

If you would like to convert the data you entered into a permanent account, click the blue ‘Convert to Loan’ button. Otherwise, you can click ‘Cancel’ to exit the Quick Quote tool, and the quote will be removed from your account after 24 hours.