Mortgage Data and Doc Processing

People-powered Doc Processing Hampers Loan Production

Especially now when loan officers, processors and underwriters are slammed with volume, borrowers can become easily frustrated with a mortgage origination experience that is primarily driven by peoplepower.  The manual classification of documents and extraction of data from them for entry into other systems can be the first weak link in a chain that causes errors. It makes for a…

Continue Reading

Mortgage Industry Trends, News & Happenings at LoanLogics

2020 Housingwire Tech 100 Winner, LoanLogics – Explained

Last week, LoanLogics participated in the California Mortgage Bankers Association’s Mortgage Innovators (virtual) Conference, as both a sponsor and exhibitor.  During the two-day event, we were featured during a 2020 Housingwire Tech 100 sponsor spotlight break.  One of the publication’s managing editors, Brena Nash, sat down with me on a video chat to answer three questions about what driving factors…

Continue Reading

Mortgage Industry Trends

Communication is the Key to Client Satisfaction

Communication is key in any successful relationship be it with your significant other, mother or mortgage technology vendor.  Whether it is a request for an integration or feature development, being responsive with clear, accurate information is a key component of driving client satisfaction. For a technology organization to deliver on that, it is often a lot harder than it sounds.…

Continue Reading

Mortgage Industry Trends

Digital Labor is a Workforce Waiting to Be Exploited

The mortgage industry has gone digital, in parts. Full adoption has been curtailed because operationalizing digital labor takes concentrated care and feeding to truly realize the full value this workforce can bring to your business. Without it, automation will continue to be applied here or there, change management will remain a struggle and where you are using digital labor will…

Continue Reading

Mortgage Compliance

“C” MERS® Compliance Differently

The mere definition of the word compliance can have a negative connotation. According to Merriam-Webster compliance is defined as: 1a: the act or process of complying to a desire, demand, proposal, or regimen or to coercion 1b: conformity in fulfilling official requirements The mortgage industry has certainly had its fair share of official mandates over the years to make compliance managers and senior leadership…

Continue Reading