Today’s mortgage lenders face many complex challenges, including:
- Regulations and compliance
- Competition and price pressure
- Market uncertainty and profit worries
Speed and accuracy has never meant more for mortgage lenders who face more challenges, scrutiny and profit pressure every day.
Paperwise process automation is the key to unlocking success in all of your complicated mortgage lending work flows.
Accelerate mortgage sales and originations
Loan officers spend too much time on administrative tasks, collecting information and application data and managing documents.
Paperwise allows you to capture and index documents from multiple sources, notify originators and managers, extract data and connect to your management systems.
Facilitate approvals and decision workflows
Mortgage lenders lose profit and time due to long approval processes, pricing exceptions and competitive intrusions.
Paperwise helps you close deals faster and prevent competitive shopping of price rates by accelerating and automating approvals, price changes and decision work flows.
Paperwise allows you to create decision rules, pricing tolerances and send alerts to loan officers, branch managers, underwriters and more for the fastest closing cycle times.
Improve application processing and underwriting
Poor coordination between loan officers, application processors and underwriters regarding application status can frustrate customers and lead to lost sales.
Paperwise puts you in control of your most important processes, reduces inefficiencies across your various teams, improves coordination and follow up and improves compliance.
Paperwise process automation provides mortgage lenders with many benefits:
- More mortgages closed per loan originator
- Higher final pricing due to speed and pricing approval workflows
- Faster closing cycle times — get the deals off the street before competitors step in
- More mortgages serviced per officer
- More apps per underwriter and officer
- Higher mortgage pull-through percentage (more funded applications)
