Tag Archives: paperless

Fully digitized closings can save lenders more than $400 per loan

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Snapdocs research finds often overlooked secondary market efficiencies like reduced funding cycle time account for about 80 percent of savings. Continue reading →

First American’s PRISM platform evolving beyond title insurance

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After paymints.io deal, First American is evaluating additional third-party integrations to simplify transactions from point of sale to handing over the keys. Continue reading →

Paymints.io integrates into First American’s PRISM platform

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The move eliminates the need for paper checks by allowing title and real estate agents to request and receive electronic disbursement of earnest money and cash-to-close funds within the platform. Continue reading →

Borrower surveys pinpoint closings as problem area for lenders

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Investments lenders have made to streamline the application process seem to be paying off, but surveys show borrowers are still tripped up by document collection and closings. Continue reading →

Mortgage industry players now pooling data to promote e-closings

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MISMO and Snapdocs have teamed up to launch the ‘e-Eligibility Exchange’ with participation from major data providers including Freddie Mac and First American Corp. Continue reading →

Guaranty Home Mortgage Corp. to automate doc processing with AI

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Mortgage lenders seeking economies of scale are automating much of the loan application and underwriting process, helping them price loans competitively and take market share from less efficient lenders. Continue reading →

Are 15-minute mortgage loan approvals the future?

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United Wholesale Mortgage says it developed automated document recognition and processing capabilities in-house that allow for an initial mortgage loan approval in minutes. Continue reading →

Truework says Encompass integration can speed mortgage approvals

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Nearly half of all U.S. mortgages are originated using Encompass, and Truework’s employment and income data network provides instant verification for more than 35 million employees. Continue reading →

Stavvy lands $40M in funding, signs Flagstar Bank

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Paperless closing provider Stavvy has landed $40 million in Series A funding from Morningside Technology Ventures, which the company says will allow it bring its expertise to bear in helping mortgage lenders serve troubled borrowers. Continue reading →