Next week, on February 5th, and the four Friday’s following, LoanLogics kicks off a five-part RadioLogics podcast series titled “Friction Free B2B Mortgage Commerce.” Have you subscribed yet? The topic being discussed centers around the immense amount of friction present in our industry’s B2B channels, namely, the correspondent, mortgage servicing rights acquisition and wholesale markets. This content was first shared…
From “in app” one-click buying to your voice activated home assistant suggesting you reorder the coffee and paper towels you purchased last month, frictionless commerce is a reality for B2C retail shopping. The frictionless future is here thanks to the digital transformation this marketplace has had. Companies that fail to deliver secure immediate gratification, information, and time-saving experiences to consumers…
Correspondent lending is built on relationships that now demand innovative technology that optimize the transaction process for both buyer and seller. That optimization should result in a fast turn time, trade transparency, reduced risk and of course profit. Loan Origination Systems (LOS), which have acted as a partial substitute technology, have long been used to facilitate the process and are…
When we launched LoanLogics® IDEA OnDemand back in April, we knew it was a tool primed to transform loan production. This became increasingly clear, as we watched volumes shoot through the roof this summer. We saw how manpower alone could not efficiently manage the mushrooming mortgage document processing workload. Over the last few months while talking with lenders about the…
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…
In a prior post, we discussed how a frictionless transaction experience increases the likelihood a seller will return to do business with an investor. Now, we turn our focus to the role investors can have helping sellers improve the quality of their loans, which will further strengthen the relationship and foster repeat business between the two parties. Most professionals welcome…
