Earlier this month, LoanLogics was named to HousingWire’s 2022 Tech100 list for the ninth consecutive year! This year’s distinction was a result of the groundbreaking machine learning-based technology in, LoanLogics IDEA™ (Intelligent Data Extraction and Automation) for MSR Transfer. What makes it so groundbreaking you might ask? It’s well known the physical transfer of loan files between counterparties in mortgage servicing…
When it comes to HMDA files reviews, leveraging rules-based, data-driven digital technology can ease the burden of HMDA reporting by helping lenders shift from a largely cumbersome to a highly automated process. Automation helps replace manual processes in three specific areas related to HMDA reporting, which we will cover in detail in this post: Data validation, an existence check on…
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.…
Yesterday, LoanLogics announced a new product to the mortgage industry, LoanLogics® IDEA™ OnDemand. It has been designed to bring superior accessibility, automation, accuracy and price performance to inline doc processing during loan production. This innovative capability takes our decade of doc processing services and technology experience and delivers it in the form of a turnkey, cloud-native digital assistant. As…
The idiom, “it all comes out in the wash”, according to one of two Merriam Webster definitions, is used to say that the truth will be known in the future. The same can be said about what will come out in an effective loan quality management process. Pre close reviews can be thought of as “pretreatment” of loan file data…
