The current state of US mortgage industry and where it is headed

Introduction: A 2022 industry report from the Mortgage Bankers Association highlighted that over 60% of companies faced operational errors due to manual loan processing. The loan underwriting process, in particular, can be especially time-consuming and

Introduction: Managing the loan process from application to payoff in today’s mortgage industry is challenging. Many lenders struggle to balance compliance and operational efficiency. As regulations become stricter, the demand for automation has surged, with

Introduction: Against this backdrop, as mortgage lenders are striving to optimize their operationsand add value to their service offerings, digital transformation is increasingly gaining traction as a credible driving force toward achieving enhanced efficiency and

Introduction: Borrowers in the mortgage industry face a lengthy mortgage processing time, which often extends from anywhere between 35 and 40 days. The primary reason for such longer time periods required for processing is owing