Our systems use business rules to help you manage work flow, automate pricing, automate
underwriting, and automate the handling of exceptions. In short mortgage automation.
The value proposition of technology has always been productivity gains. Unfortunately
most technologies surrounding the origination and closing of mortgage loans are
usually some version of an antiquated client-server application that are essentially really
expensive typewriters with a built in calculator. Most of these typewriters will
not play nice with the other really expensive typewriters you have. Having nice
typewriters may make your staff marginally more productive but will not nearly fulfill
the promise of the value proposition.
In order for any technology to live up to its billing it has to enable the same
number of people to do more work in the same amount of time. Automation of mundane
and repetitive tasks such as calculating APR’s and printing forms is only
the beginning. Oddly enough it is where most origination software stops.
Real automation is rapidly becoming the watershed issue for the mortgage technology
business. Real automation occurs when your technology can help you gather required
information, route items, and make decisions. By understanding how your business
works technology can reduce the number of times your staff has to handle a loan
file. Every reduction in the number handlings results in corresponding profitability
increases.
|