It’s been nearly twelve years since the first iPhone® app was released. With a reported 2.2 million available apps and 130 billion downloads from the Apple® App Store* it’s safe to say that the phrase “There’s an app for that!” has taken a strong hold in our collective vernacular. The original use case of mobile apps, according to Wikipedia, was…
The 2020 spring conference season is fast approaching. One particular conference LoanLogics is looking forward to attending is the 3rd annual ComplianceEase Risk & Compliance Summit being held in Chicago this April. Because of the uniqueness and depth of our integration, LoanLogics is not only sponsoring and exhibiting, but our senior leader and chief business officer, Craig Riddell, will be…
The benefits of leveraging artificial intelligence and machine learning in mortgage are expansive. We’ve discussed it in a number of LoanLogics blog posts throughout 2019. To summarize, they help today’s originators analyze large data sets, automate decisioning and eliminate a wide range of manual tasks. Perhaps most critical is how they can help originators streamline document processing to lower manufacturing…
Following the great interest we had in our 2019 six-part blog series, “Millennials Mortgage Process,” which followed one of our colleagues on her home buying journey, we are back in 2020 with a new take on generational perspectives in the mortgage industry. Riffing off a fairly well-known and controversial 2019 meme, “Ok, Boomer,” we are kicking off our “Hey, Boomer.”…
Outsourcing quality control (QC) to a third-party audit service provider doesn’t have to be an all-or-nothing approach. Some third-party providers offer flexible outsourcing options that allow a lender to manage portions of their own workload internally and outsource others. LoanLogics likes to call this type of workflow sharing “hybrid loan quality control,” or “hybrid QC.” This ability to bifurcate or…
Picking the right loan quality control partner (QC partner) can feel a lot like dating. You read about them online, maybe you ask a few friends what they know about them. Once you finally opt to meet, you enter into that “getting to know one another” period where you ask the basic questions to get a feel for whether or…
