The mortgage industry is in a precarious situation with the current economic downturn. Mortgage rates are highly volatile. Anticipation of an aggressive interest rate increase by the Federal Reserve and the rampant trade-off of mortgage-backed securities resulted in frequent spikes in mortgage rates. Lenders cannot afford to lose sight of the shifting market trends and improvise their business strategies accordingly….
The mortgage industry is highly competitive and is likely to remain so in the future. To remain ahead, lenders must provide speed, accuracy, and high-quality customer experience without losing on the financial side. Nowadays all business are automating their manual work to free their workforce, especially in marketing and data-extraction processes. Mortgage firms are also leveraging state-of-the-art mortgage automation tools…
MSuite is a proprietary mortgage automation tool of Expert Mortgage Assistance. This tool was built with the aim to make mortgage processing “cheaper, faster, and better”. This tool is equipped with optical character recognition (OCR) and computer vision abilities. It is run by sophisticated artificial intelligence and machine learning algorithms. MSuite is platform-agnostic, and it can be hosted seamlessly on-premise…