Mortgage Loan Quality

Scenarios for Hybrid Loan Quality Control

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…

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Mortgage Loan Quality

Why Some Lenders Choose to Outsource QC

For many small to mid-sized lenders the decision to insource vs outsource quality control (QC) tends to weigh heavily on resource capacity, skillset and cost. For over 15 years I’ve talked with hundreds of lenders about the reasons they choose one over the other and their answers may or may not surprise you. Many say they don’t have the expertise,…

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Mortgage Data and Doc Processing

Practical Applications for Machine Learning, Today and Beyond

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…

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