Mortgage lenders all agree that mortgage loan applications, underwriting, production, post-closing, and final auditing all require a dynamically skilled team. Moreover, managing regulatory requirements and compliance are labour-intensive tasks that depend on a highly specialized skillset and require considerable training. So much so that most lenders find it difficult to optimize their business, mitigate risks, or even scale properly with…
12 Key Benefits of Outsourcing Mortgage Processing Services Mortgage processing services are essentially any services that mortgage lenders have to employ to process mortgage loans with. These services can be painstaking and time-consuming for your own personnel to handle. It can include sifting through, evaluating, and processing huge volumes of paper per mortgage application. It also requires highly trained underwriters…
The year 2019 came to a dismal end with the mortgage industry facing rising interest rates and a shortage of affordable housing. As more and more consumers were found looking for housing but not having the means to afford it because of mounting housing prices, the situation only became worse. Growing interest rates also meant that each mortgage loan became…