Importance of Digital First Experience in Mortgage Banking

Importance of Digital First Experience in Mortgage Banking

Mortgage lenders and loan officers are struggling to meet borrower’s expectations weighed down by manual processes, siloed document management systems, increased regulatory burdens and lack of transparency and visibility within the system. Digital first experience in Mortgage Banking is the solution that can bridge the widening engagement gap between borrower’s expectations and lender’s efficiency. Need…

BI Dashboards for Mortgage Industry

Business Intelligence (BI) Dashboards for Mortgage Industry

Faster and better data driven lending decisions requires timely and accurate information right at the fingertips of LOs and Lenders. Critical business decisions backed by real time data driven approach always prove to be more accurate and effective in the long run. Essential features of a BI dashboards for Mortgage Industry Advantages of BI dashboards…

BPA in Mortgage Industry

Business Process Automation(BPA) in Mortgage Industry

In an environment of continuous operational and regulatory change, rising origination and operational costs, Business Process Automation (BPA) applications that execute routine, rules-based tasks without human intervention can significantly improve the mortgage loan experience and bring down the costs in Mortgage Industry. Use cases of BPA in Mortgage Industry Benefits of BPA in Mortgage Industry…

Floify in Mortgage Industry

How to use Floify to maximize automation in Mortgage Industry

Floify is a digital mortgage point-of-sale solution meant for  LO teams to collect and verify borrower documentation, track loan progress, communicate with borrowers and real estate agents, and close loans faster. It is possible to leverage the maximum outcome from Floify in Mortgage Industry by effectively navigating through the overwhelming list of customizations and configurations.…

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…

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…