The mortgage industry runs on multiple rules. These rules govern the way business is conducted in the industry. Such rules pertain to compliance, credit score, eligibility, workflow, and many more. There are two major challenges when it comes to managing these rules. Firstly, most of these business rules are extremely dynamic in nature and change at the drop of a…
loan processing
In recent times there has been a growing demand for expedited and improved loan originations in the commercial lending market. This has led to lenders embracing automation to boost the productivity of lending officers and make customers happier. The massive improvements in digital mortgage loan origination systems over the years have immensely helped lenders to meet the varied demands of…
The loan processors job has always been like that of a cat on a hot tin roof. The heat on the roof has exacerbated, after the rolling out of TRID, It has introduced more tasks, due diligence, and responsibility to the department, making the job all the more fast paced, shoving them down a roller coaster ride more often than…