Mortgage Automation: Shaping the Future of The Mortgage Industry
The lending industry recognizes the importance of digital transformation and has made significant progress, especially during the pandemic. In its second-quarter earnings, Rocket executives said that going into 2023 they’re “putting a big chunk of capital [into] internal investment in technology” to save money in the long term. However, the mortgage industry remains highly paper-intensive, […]
Streamlining MSR Transfer: DocVu.AI, the One-stop Solution
Aashish Gupta
The sale and transfer of Mortgage Servicing Rights (MSR) have always been vital to the mortgage value chain. The high frequency of repurchasing mortgages or servicing rights maintains the market liquidity and generates stakeholder revenues. Yet the manual handling of MSR processes, even during handoff, can affect borrower interest. Further, strict scrutiny of regulations and […]
Why mortgage servicing companies must Invest in regulatory compliance to mitigate risk.
According to a recent report from the CFPB, Mortgage Servicers are struggling with their loss mitigation programs, call center response times, and unreliable systems that are not producing consistent data. Another report also reveals that in the past few years, mortgage servicers have lost billions of dollars due to non-compliance and inadequate regulatory controls. It […]
