Correspondent lenders and loan aggregators are challenged with the processes, tools and technologies they use for loan acquisition. They find themselves using a combination of multiple, one-off systems and services built around a loan origination system, whose single purpose is for the manufacturing of loans not the due diligence and validation of loans that have already been closed.
This white paper discusses the attributes of technology that can streamline correspondent loan acquisition while enabling consistent execution, repeatable outcomes and business intelligence for continuous process improvement.
- Facilitate the seller vetting process
- Contour pricing to attract sellers
- Manage risk in delegated or non-delegated business models
Learn how an effective blueprint can deliver 7 key benefits: Data and document integrity; Loan file transparency; Proof of compliance; Effective defect management; Strong seller relationships; Improved communication; Profitable loan purchases.
Date: October 2016