The huge volume of loans originated in 2020 and 2021 due to record-low rates led to capacity issues, which are now resulting in a higher rate of underwriting errors than in more normal market conditions. These former errors are causing an even higher rate of scrutiny when it comes to QC checks on loans today, especially for valuations and title reviews.
Lenders who want to be successful now and in the future must harness automation by working with specialized partners to create efficiencies in their origination process without introducing new risks.
The white paper discusses:
- The problems with the current review process for valuations and title
- Why now is the time to innovate the review process for appraisal and title
- How the right partner can utilize automation to bring efficiencies to these processes