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How Mortgage Process Automation Can Transform Your Lending Business

How Mortgage Process Automation Can Transform Your Lending Business

Mortgage lenders: are you keen to digitize your business processes to adapt to the new normal? Undoubtedly, digital transformation will pave the way for business success; not without opportunities and challenges though. Here’s the mortgage industry’s take on the digitization of business processes. According to Infosys, 92% of mortgage providers have experienced a two-fold shift […]

Third-Party Loan Servicing: All You Need to Know

Third-Party Loan Servicing: All You Need to Know

As a mortgage loan lender, are you keen to scale your business and manage complex loan portfolios? According to Fannie Mae, skilled labor shortage is one of the biggest challenges in this pursuit. Add to it the tight regulatory norms—you are already face to face with two biggest issues in the mortgage lending space. Lenders […]

The U.S. Mortgage Pre-Closing Process - A Complete Guide

The U.S. Mortgage Pre-Closing Process – A Complete Guide

Closing day has arrived. Your client is almost ready to become a homeowner. You want to make sure everything goes smoothly. It will help to go through a mortgage pre-closing audit. This brings us to the question: what is pre-closing in mortgage? As a lender, you must help buyers through a detailed pre-closing checklist. It […]

Mortgage Loan Processing Steps – A Complete Guide

Mortgage Loan Processing Steps – A Complete Guide

Imagine this: you are a lender starting out in the U.S. mortgage business or a new home buyer has contacted you. The first question that comes to mind: “What are the must-know mortgage loan processing steps?” Is the budget finalized? Has the loan been pre-approved? These are some questions that you need to ask homebuyers, […]

What Is Post-Closing in Mortgage? A Complete Guide

What Is Post-Closing in Mortgage? A Complete Guide

As important as it is, post-closing in mortgage processing is often overlooked. Issues like errors in mortgage post-closures hinder the successful sale of properties. What’s worse, the 2009 crisis in real-estate has brought malpractices of the U.S. mortgage post-closing process to the fore. For this reason, the federal government has imposed regulations that require forms, […]

How Can Lenders Reduce Loan Processing Time & Increase Efficiency?

How Can Lenders Reduce Loan Processing Time & Increase Efficiency?

Mortgage Loan Processing is vital to the daily operations of a financial organization. A meticulously planned approach can reduce loan processing time and improve customer experience. Here are 5 tips for effective mortgage loan processing to reduce time, enhance efficiency and improve customer Net Promoter Score (NPS). 1. Automation Mortgage automation can enable lenders to […]