How to achieve touchless lending for the mortgage industry

Achieving touchless lending for mortgage is now more important than ever before. Home refinancings and purchases have experienced a significant uplift in activity, and mortgage providers are scrambling to keep up. This has resulted in numerous industry-wide challenges, most notably a shortage in availability of underwriter talent.

Increasing the size of mortgage underwriting and processing workforce to accommodate higher loan application volume seems like the logical approach, albeit not the most cost-effective one, especially in a competitive hiring market. However, there is an alternative – one that instead streamlines the entire loan process, from application to close.

Due to recent advancements in automation technology, touchless lending has graduated from theoretical to actual for the mortgage industry and achieving touchless mortgage pathways will set a new standard in accelerating the loan manufacturing process.

This white paper will cover how to achieve a touchless mortgage pathway and its benefits for lenders.

Publisher: Tavant
Date: August 2021

Popular White Papers

Elevating mortgage servicing through strategic outsourcing: A path to efficiency and growth 

As the mortgage sector navigates through complex market dynamics, the primary objectives for many organizations remain the same: master cost efficiency, ensure the delivery of high-quality service, and effectively scale operations. Outsourcing activities to specialized providers continues to be a primary strategy for achieving such goals. This white paper discusses how lenders and servicers can:

Featured Content

Consolidated Analytics’ Ed Gerding: The pillars of QC in action 

Effective quality control programs in mortgage lending are crucial for community stability and supporting first-time homebuyers. Consolidated Analytics’ initiatives ensure responsible lending, compliance with regulatory standards, and the success of lenders in low- and moderate-income markets.

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please