Lead Generation for the new generation of mortgage lenders

In the modern mortgage industry, leads and opportunities can come from different sources and angles – there’s lead generation that exists online doing marketing as well as leads that come from real estate agents, referral partners and past clients. So, it is important to automate most of the lead generation for mortgage lenders and make…

Improving Borrower Service

Essential features that you should look for in an Loan Origination System (LOS)

  To stay in business you need to be aware of technological advancements relevant to your business. New technology can vastly affect your business and adapting to the right new technology for your business is vitally important. The Loan Origination System is one such technological advancement that the lenders needs to be aware of. Let’s…

Encompass 360 Custom Input Forms

The Custom Input Forms are built for each of the Mortgage Business processes. These processes include Opening, Processing, Underwriting, Post Closing, Auditing and Closing. Input Custom forms are built to streamline the organization workflow.   The benefits of Encompass 360 Custom Input Forms are:  Streamlines work flow. Minimizes Errors. It helps in requesting the borrower…

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…

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…

Loan Custom Field

Encompass 360 Loan Custom Field Calculations – Part 3

  Our journey with the Encompass 360 Loan Custom Field Calculations continuous in this article too. In this article, we have explained a few other operators like Date-Based Operations, Calendar-Based Operations etc. Please refer our other two articles on Encompass 360 Loan Custom Field Calculations. They are: Encompass 360 Loan Custom Field Calculations – Part…