At the height of the pandemic, LoanLogics launched IDEA OnDemand, a cloud-native doc processing digital assistant which helps mortgage companies lower the cost and drive up the speed and accuracy of in-line, real-time workflows. Feedback from newly signed clients and those experiencing the product in our try before you buy program has been overwhelmingly positive. Even with this response,…
Especially now when loan officers, processors and underwriters are slammed with volume, borrowers can become easily frustrated with a mortgage origination experience that is primarily driven by peoplepower. The manual classification of documents and extraction of data from them for entry into other systems can be the first weak link in a chain that causes errors. It makes for a…
The mortgage industry has gone digital, in parts. Full adoption has been curtailed because operationalizing digital labor takes concentrated care and feeding to truly realize the full value this workforce can bring to your business. Without it, automation will continue to be applied here or there, change management will remain a struggle and where you are using digital labor will…
I’m back with my second post myth busting common beliefs about the cloud. Part 1 discussed myths surrounding deployment and cost . Today’s post focuses on our final three cloud myths surrounding security, development and scalability. 3. Myth: The Cloud is less secure then traditional hosting Or Cloud providers will be responsible for all aspects of data security All these…
Welcome back to the series Cloud Coverage. Even now, after years of success, cloud computing is awash in misconceptions and erroneous assumptions about its impact on businesses, software development and software management. This blog entry and one next week will discuss some of the most common cloud misconceptions. There is a lot to share so I am breaking the content…
With much of the mortgage industry still grounded, I’ve been reflecting on how much things have changed since the ‘good old days.” Not only the “good old days” pre-pandemic when we could freely meet and greet one another but also long before we had so many tools to use to connect us when we are not together face-to-face. Tools in…
