Data Integration for Mortgage Banking Technology

Why Data Integration is necessary for Mortgage Banking Technology

Mortgage Banking technology involves multiple vendors and players providing specialized dedicated services across various product types such as identity, credit, income, asset, tax transcripts, AUS, appraisal, closing costs and fees, product & pricing engine, compliance, title insurance and mortgage insurance.  To enable a simple end-to-end digital mortgage experience for the borrower, it is necessary for…

ERP Tools for Mortgage Industry

ERP Tools for Mortgage Industry

Digital Mortgages and Automation are the technology solutions adopted by lenders to deal with the complex landscape of current mortgage industry to meet with the rising borrower demands, origination costs and regulatory compliances. Enterprise Resource Planning or ERP is a suite of powerful, fully integrated data management tools that can help mortgage industry to meet…

BPM Tools for Mortgage Industry

BPM Tools for Mortgage Industry

Mortgage Industry is struggling to adapt to the rapid changes in the compliance norms particularly with the recurring occurrence of changes in the guidelines issued by Freddie Mac and Fannie Mae. It is the lack of managed workflow and document integration between systems that is proving detrimental to adapting to process changes and regulations. Mortgage…

Importance of CRM Tool in Mortgage Industry

Importance of CRM Tool in Mortgage Industry

With the database of clients, prospects, referral partners and leads becoming larger and more complex, Mortgage Banks needs to implement a CRM tool to improve customer services and automate marketing efforts. Need for a CRM tool in Mortgage Industry Top Functionalities of a CRM tool Top Six CRM software for Mortgage Industry We take a…

Integration of Floify with Jungo

Integration of Floify with Jungo

Floify is a leading provider of mortgage automation software for loan originators which provides a secure communication and document portal between lenders, borrowers, referral partners, and other mortgage stakeholders. The new integration with Jungo enables loan originators who are using Floify to automate their mortgage process and Jungo to manage their customer database to seamlessly…

Digital Mortgage Technology

How can Lenders leverage Digital Mortgage Technology

Digital Mortgages are changing the landscape of Mortgage Banking by enhancing consumer experience as well as cutting down origination costs which has been on a steady rise primarily in the purchase market. Mortgage Lenders can leverage the Digital Mortgage Technology by minimizing human touches in the process without compromising the expected quality keeping in mind…

How Data democratize business decisions in Mortgage Industry

Mortgage industry being an industry riding on data driven decision making is seeing a paradigm shift in which business decisions are generated different sources rather from a few decision makers. The advent of Big Data and making it available for the C-levels has made this unprecedented transformation possible in the Mortgage Industry. Data in the…

Technology Stack for a Perfect Mortgage Website

A mortgage lender offering the lowest possible interest rates may not be able to entice the borrowers unless the first touch point – the website is carefully designed to cater to the exact needs of the borrower. Technology Stack for a Perfect Mortgage Website Responsive design Informational content Hassle free Navigation Search Engine Optimised Tools…

Loan Life cycle

How to reduce the loan life cycle leveraging technology

According to Fannie Mae the average closing time for a new purchase is 46 days, and 49 days for a mortgage refinance.  Common reasons for delays include incomplete loan application, missing documentation, low appraisal, delay in completing underwriting requirements etc. Mortgage companies can improve upon the existing internal processes and workflows using technology solutions that…

LOAN ORIGINATION SYSTEMS (LOS) COMPARISON

Since Loan Origination Software is the most critical application for loan officers, mortgage lenders, processors, underwriters, closers and all others who are involved in the Loan Origination process, the evaluation and selection of LOS is critical for any Mortgage Bank. Here we compare the top LOS software solutions in the mortgage market based on multiple…