How to Improve Operations With Technology
The latest technological innovations in real estate finance will help improve loan program searches, decrease mortgage fraud and increase credit scores.
SearchMyLoan.com issued a press release two days ago indicating its loan pricing and search engine has been enhanced to include product enhancement alerts, lender status and messaging.
In addition, the search criteria summary has been improved, a preferred lender section has been added and users are now periodically prompted to save their searches.
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Credit, Pricing and Underwriting Technology
A new offering for loan officers helps them show prospective borrowers how to manage their credit scores while building a relationship. Other recent technology solutions focus on pricing and automated underwriting, among other things.
Digital Mortgage Universe Expands
A reverse loan origination system has been launched, while an LOS for standard mortgages has integrated hazard insurance functionality. Other mortgage technology advancements include the addition of an Alt-A wholesale lender to a loan search engine, the implementation of automated underwriting for commercial mortgages and a legal truce between two credit reporting companies that has led to a credit scoring collaboration.
Tech Strategies and Mobile Innovations
Former executives of a failed top-15 lender are hoping a different technological strategy will increase the chances of success at a new wholesale lender they've launched. Other digital innovations include the integration of mortgage fraud prevention technology with automated underwriting systems and an expansion of banking services on wireless devices.
New Tech Alliances, Clients Touted
Appraisal, compliance and originator services were among the areas to see new mortgage technology offerings this past week. Three companies touted new clients, three new alliances were announced and two companies promoted free services to draw in potential customers.
Technology Boosts Mortgage Lead Conversions
A new offering promises to help loan originators convert more mortgage leads by delivering prospect data to mobile phones and other wireless devices as soon as the customer makes an inquiry.
Best Mortgage Web Sites
A recent study identified the most important aspects of the best mortgage Web sites.
Digital Delight
Two separate offerings promise to help lenders identify mortgages that loan applicants fail to disclose through new technology alliances. Other digital advances offer improvements to marketing and origination.
LOS Enhancements
Improvements to loan origination systems dominated the latest round of mortgage technology advancements. Meanwhile, two U.S. banking giants have teamed up to form a new venture.
Technology Improves Originations
A number of electronic offerings promise to improve the marketing and origination of conventional and government loans. Other advancements in mortgage technology include the integration of digital documents and signatures, easy compliance with upcoming appraisal changes and the adoption of browser-based loan document preparation.
