Achieving Success in the New Mortgage Ecosystem

Changing expectations among mortgage borrowers and rising origination costs have sent lenders in search of a better way to conduct business. The digital mortgage is a streamlined approach that enables a better borrower experience at lower costs. 

Lenders benefit from digital mortgage technology that ensures the data coming into loan origination systems is accurate and complete. Benefits include:

  • Confirmation that the loan file is complete and data and documents are accurate, sufficient and correctly stacked to deliver into the secondary market
  • Acceleration and standardization of origination, including pre- and post-closing audits, servicing processes, reduction or elimination of errors, and reduced time and costs
  • Significant reduction of regulatory compliance and investor compliance risk, which speeds the process and reduces costs
  • Significant improvement in staff productivity to further reduce costs, which may lead to a reduction in staff or a reallocation of human resources
  • Better customer service, resulting in higher borrower satisfaction
  • More flexibility in how lenders operate their businesses, which enables institutions to easily ramp up when loan volumes rise and keep valuable employees when volumes fall

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For more information about LoanComplete and other Fiserv solutions, call us at 800-872-7882 or click below.

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