Mortgage loan officers must sustain their efficiency on top of growing process complexities. It involves multitude of paperwork, and the need to keep communication consistent with customers. Virtual assistants are instrumental in aiding loan officers to stay on top of daily to-do lists. They work remotely to unburden loan officers from mundane but much-needed tasks. Such tasks include paperwork organization,…
Mortgage
A Closing Disclosure is a five-page document that helps borrowers know everything about the mortgage loan they have just purchased. As a lender, you must enlist crucial mortgage loan details in the closing disclosure document. These details include loan terms and monthly payment installments that a borrower is liable to. It is mandatory that you specify all the final loan…
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…