Achieving Success in the New Mortgage Ecosystem

Lenders benefit from digital mortgage technology that ensures the data coming into loan origination systems is accurate and complete. Benefits include:

• Confirmation that the loan file is complete and data and documents are accurate, sufficient and correctly stacked to deliver into the secondary market
• Acceleration and standardization of origination, including pre- and post-closing audits, servicing processes, reduction or elimination of errors, and reduced time and costs
• Significant reduction of regulatory compliance and investor compliance risk, which speeds the process and reduces costs
• Significant improvement in staff productivity to further reduce costs, which may lead to a reduction in staff or a reallocation of human resources
• Better customer service, resulting in higher borrower satisfaction
• More flexibility in how lenders operate their businesses, which enables institutions to easily ramp up when loan volumes rise and keep valuable employees when volumes fall