LoanLogics is often asked for specific examples of where machine learning can make impact along the mortgage value chain and of course, as a regtech provider, we have found practical application in loan quality management. Early application of machine learning technologies are being used for the creation of verified, validated data (or what we’ve termed “purified data”), that powers…
Remember the song, “It Takes Two” by Rob Base and DJ E-Z Rock? This late 1980’s classic carries the hook, “It takes two to make a thing go right. It takes two to make it outta sight.” I heard this song recently and thought about the work I do As the leader of LoanLogics’ audit service delivery team, and as…
Real-time, customizable reporting is of course is every quality control (QC) managers dream. A click here, a drag and a drop there, and at your fingertips is a unique picture of your loan quality performance ready to share with the business. Even with so many options in on-demand reporting, we still have our favorites that every QC manager should take…
AI, ML, ADR, ADE, OCR.…with all these acronyms even the most tech savvy lenders need a little help boiling down the alphabet soup of technologies swirling around the mortgage industry these days. Before you can truly understand how these intelligent solutions are solving the challenges in mortgage data and document processing, it’s important to understand the basics. As such, we’ve…
Back in August, LoanLogics announced it was the technology provider behind the Freddie Automated Servicing Transfer (FASTSM) tool, helping Freddie Mac streamline its Cash-Released XChangeSM program. LoanLogics is also set to provide technology enhancements in support of Freddie Mac’s Co-Issue XChangeSM with the same technology. This was a proud moment for the company, given all the hard work our teams…
Welcome back to the final installment of the series. Read on to see insights to other Millennials’ experiences. As frustrating as the actual mortgage process was, due to all the complexity, the back and forth with the loan processor and the loan officer, and attempting to get all the explanations of everything that was unfamiliar to me, I’ve been in…
