Author name: Alka Jha

Alka is an experienced professional in the mortgage lending domain with rich exposure to operating and managing across diverse functional areas such as quality and process.

Rise of Mortgage Automation – Business Impact and Benefits

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Bank and nonbank lenders have been increasing investments in mortgage automation technologies to perform document extraction, verification, process flow management, e-closures, and various other tasks. Traditional software tools typically assist lending companies in the initial processes. For instance, they allow customers to create loan applications online or request a callback, and seldom more than that. …

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The 5 Benefits of Managed Services for Mortgage Lenders

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Mortgage lending institutions face numerous operational challenges due to market volatility and policy changes, which affect demand and customer expectations. Lenders have to constantly strive to reduce their overhead costs, improve operating efficiencies, onboard and optimize the talent pool, meet the changing regulatory norms, and deliver a consistent customer experience. One of the ways they …

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(Webinar) A Pragmatic Approach to Digitally Transforming Banking and Financial Services Operations – Key Insights

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Anaptyss recently organized a webinar on the highly anticipated topic “A Pragmatic Approach to the Digitally Transforming Banking and Financial Services Operations.” The live session hosted some of the most respected industry experts on its panel, offering penetrating insights into intricate facets of digital transformation in the context of financial services. It explored several in-depth, …

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How Can Lenders Perform Faster Mortgage Loan Processing?

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According to Ellie Mae, the average time for closing a mortgage loan is around 30 to 60 days. The long time involved in mortgage processing is due to several factors such as the massive number of manual tasks involved, the bank’s policies and procedures for underwriting, and the borrower’s financial situation. Lenders go through several …

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Overcoming the Top Challenges in Mortgage Lending Industry with Digital Solutions

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COVID-19 caused considerable shifts in the mortgage lending services industry amid the volatile market landscape defined by increased customer expectations, reduced rates, and sweeping policy measures to contain the pandemic. While the situation triggered demand, it also heightened the need for operational agility, customer engagement, and compliance. The new “digitized” market landscape put the financial …

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Redefining Post-Pandemic Mortgage Industry with Digital Transformation

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The COVID-19 pandemic has brought drastic changes in the mortgage industry, increasing the costs, customer expectations, and impacting other business-critical factors. The year 2022 sees an ongoing spike in inflation, as indicated by CPI. The Federal Reserve’s hike in mortgage interest rates is a critical factor adding to the costs. The National Association of Realtors reveals …

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