Today, loan Volumes are increasing due to historically low-interest rates. It takes too long to process a mortgage (approximately 45-60 days) considering the enormous amount of documents that are handled on a day-to-day basis. Lenders are unable to increase the processor capacity to keep pace with the increasing loan volumes which can result in increased cycle time for loan processing, leading to poor borrower experience.

Imagine if you could intelligently prioritize the loans for processing, thereby ensuring that processors work only on those loans which are likely to get funded? This not only reduces cycle time, thus improving borrower experience but also reduces the cost of processing a loan.

Check out our success story on how a leading national mortgage lender benefited from our intelligent automation solution.