Elevating Excellence: DocVu.AI Acknowledged with the 2024 Tech100 Mortgage Award by HousingWire

Honoured with the prestigious 2024 Tech100 Mortgage Award by HousingWire, DocVu.AI stands at the forefront of revolutionizing document processing in the mortgage sector. In its 12th year, the Tech100 program by HousingWire is a distinguished platform that recognizes the most innovative technology companies in the housing economy. This accolade is not just a recognition; it’s […]

KYC Verification in the Digital Age:  How Automated KYC Solutions Are Shaping the Future of Client Verification

In today’s rapidly evolving digital landscape, the need for robust (KYC) verification processes has become more critical than ever before. As businesses expand globally and online transactions surge, the importance of verifying the identity of customers cannot be overstated. This comprehensive guide delves into the world of KYC, the challenges associated with traditional manual processes, […]

Unleash the Future of Mortgage Servicing with DocVu.AI

Mortgage Servicing can be a daunting and tedious process, given the vast array of tasks ranging from loan administration to managing defaults. At its core, mortgage servicing is an intricate undertaking that involves monitoring various aspects such as loan terms, interest rates, and any changes in the loan agreement over time. It is about ensuring […]

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 […]

From Snail Mail to Supersonic

From Snail Mail to Supersonic

With thinner margins, companies seek to provide differentiated customer offerings while ensuring their operations are at their peak efficiencies. As per Gartner, by 2030, 80% of heritage financial services firms will go out of business, become commoditized or exist only formally but not compete effectively. These firms would struggle for relevance as global digital platforms, […]

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 […]

Ensuring the lowest mortgage rates to drive volumes and ROI for lenders

Docvu AI Article Tackle Mortgage Rate Fluctuations

The mortgage industry has been turbulent in the past couple of years. Various economic and political scenarios have forced the Federal Reserve to recalibrate its monetary policies, which has indirectly affected the mortgage rates significantly. Further, lending rates are increasing rapidly, with the average 30-year fixed mortgage rate reaching 7.2% in October 2022. Naturally, banks are maintaining […]

How to ensure maximum ROI from your IDP in mortgage document processing.

Docvu IDP investments article

Processing mortgage applications entails dealing with a massive pile of documents necessary to verify customers’ loan worthiness and clear approvals. This task is often carried out manually, resulting in reporting errors, missing documents, and an unending waiting period before closure. This has consequences like the loss of time, wasted employee effort, and, eventually, a drop […]