Consult an Expert Consult an Expert

5 Ways to Increase Profits in Mortgage Lending

The lending industry is plagued by time-consuming and error-prone, paper and labor-intensive processes, front-end systems that do not communicate efficiently with back-end systems, and third-parties that are often not integrated into the process electronically. These problems are exacerbated by the huge volume of loans that are generated each year (nearly 5 million new consumer mortgages alone).

The inefficiencies in lending start at the loan origination process, which encompasses application submission, underwriting, closing and funding, post-closing, and shipping and delivery. The best way for lenders and third-party loan processors to increase profits is to improve production through the use of intelligent capture – technology that automates the processing of information from any paper-based or electronic loan application.

This paper describes the challenges lenders and third-party processors face in approving loan applications, and how intelligent capture addresses these challenges to deliver higher profits.



Download "5 Ways to Increase Profits in Mortgage Lending"
Fill out the form below to download the entire whitepaper:
Next Article
December 20, 2017

Winning the Paper Wars Report

Fighting the paper invasion is a constant battle for any organization. Scanning paper records to keep down the sprawl of file cabinets and archive shelves has been common practice for many years.
Read More