Mortgage Process Workflow

Mapping out your perfect Mortgage Workflow

Today’s loan origination landscape is forcing lenders to rethink their workflow engines to adapt to the new environment. The mortgage lending process is considered to be one of the more complex credit processes offered to retail customers. Without a strategic approach to designing the mortgage workflow engine, lenders will find themselves battling rising costs and…

Robotic Process Automation

Robotic Process Automation (RPA) in Mortgage Industry

Mortgage lenders are embracing disruptive technologies such as Artificial Intelligence (AI), Robotic Process Automation (RPA), Chatbots, etc. to gain a competitive advantage. The revolution in automation is also driving changes in loan origination, helping financial institutions like yours improve loan quality and decision- making, reduce costs and fight fraud. The average per-loan cost to originate…

Loan Processing System Automation

Benefits of Loan Processing System Automation

  Traditional mortgage lending is a complicated, time-intensive, and paper-heavy process. At a time when consumers expect faster and more streamlined digital lending experiences, traditional processes may no longer cut it. In recent times, many lenders have started the process of automating the loan processing system.  Loan processing system automation benefits both lenders and consumers…

Mortgage Banking Ecosystem

Optimized Mortgage Banking Ecosystem

  Mortgage lenders are looking to optimize their Mortgage banking Ecosystem in a fast-changing landscape. The transformation of the Mortgage industry’s is imminent. Coupled with advancements in technology and evolving consumer expectations, today’s lending landscape is as complicated as ever.   Mortgage lending is a collaborative venture. Lenders partner with an array of service providers…

Mortgage Organization

How to reduce cost as you scale your Mortgage Organization

Recently, a number of factors have come together to decimate the profitability of the mortgage banking industry. Today, Mortgage Organization are facing pressure from all sides. Interest rates are at historic lows. Technology is reshaping customer expectations. And a global pandemic is stretching remote workforces thin and causing increased demand as more consumers seek to…

Loan management software

Loan Management Software to Automate Your Lending Process

A comprehensive loan management software can improve the quality of services and productivity, as well as help lenders make their operation more agile and transparent. This leads to operational costs reduction and better customer service. But it works even better if it’s enhanced with software that simplifies the convoluted accounting processes. It could prove to…