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How can automation transform the mortgage underwriting process? Dive into our case study on Relevantz Mortgage Underwriting Process Automation to discover the power of low-level OCR libraries, innovative data extraction algorithms, and domain intelligent automation that adapts to document structural variances. Click here to read - https://lnkd.in/gzaHvPjU Follow us for more content - Relevantz Europe  #MortgageUnderwriting, #ProcessAutomation, #DigitalTransformation, #FinancialTechnology #RelevantzEurope

As we step into a new year, lenders are contemplating a shift in their operational paradigm, with cost reduction being a top priority. Industry insiders suggest that outsourcing could be the key to achieving this goal. In fact, nearly 90% of mortgage industry players are already outsourcing non-core tasks to external partners.  From loan processing and customer support to technology, lenders are leveraging the expertise of specialized outsourcing partners like Acquire BPO. By doing so, they can enhance operational efficiency, reduce costs, and improve customer service. #OperationalShift #OutsourcingSolutions #CostReduction

ICYMI: In our latest whitepaper, we cover 6 steps to help mortgage underwriters streamline their operations with document automation. Find out how Ocrolus can help lending teams: 🧠 Rethink traditional processes 🤖 Automate manual tasks and reduce human error 💸 Standardize income calculations 🗣️ Streamline communication 🧩 Integrate with existing technologies Get the guide: https://brnw.ch/21wJ977 #lendingautomation #underwriting

The Key to #Agile #Mortgage #BFSI Operations: Insights into #PowerPlatform Capabilities In the rapidly evolving #Mortgage #Banking, #Financial Services, and #Insurance (#BFSI) landscape, agility, and innovation stand at the forefront of operational success. The sector, marked by stringent regulatory demands, operational complexities, and an ever-increasing need for superior customer experiences, calls for robust, scalable solutions. #Microsoft Power Platform, comprising Power BI, Power Apps, Power Automate, and Power Virtual Agents, emerges as a #transformative force, offering a suite of tools designed to tackle these industry-specific challenges head-on. #Compunnel Digital, as a seasoned implementer of Power Platform solutions, empowers Mortgage BFSI organizations to navigate these challenges, ensuring they not only survive but thrive in this competitive arena. https://lnkd.in/gmAreKUG

The typical duration for processing a mortgage loan falls between approximately 50 to 53 days within the United States. This lengthy approval process involves multiple verifications, including credit assessments, repayment records, employment confirmations, and property inspections. Even a small mistake can significantly impede progress. Given that this procedure adheres to specific regulations and criteria, employing Robotic Process Automation (RPA) has the potential to expedite the process, effectively removing bottlenecks and reducing the processing time from days to mere minutes ⏱️. To learn more visit here https://lnkd.in/eEmkBuwN #LoanApproval #RoboticProcessAutomation #RPAinBanking #FinancialAutomation

Let's have a discussion how we can #accelerate your banking and lending processes. #automation

How Salesforce Helps Mortgage Brokers To Win More Deals Navirum specializes in implementing Salesforce Financial Services Cloud (FSC) for Mortgage Brokers, leveraging the CRM to enhance efficiency and competitiveness. The blog highlights five ways Salesforce benefits mortgage businesses:  🚀 Lead Generation and Management, aiding brokers in efficiently tracking and analyzing leads.  🚀 Loan Origination and Processing, streamlining workflows from application to closing, integrated with solutions like Encompass. 🚀 Compliance Management, ensuring adherence to regulatory requirements with tools for disclosures and audit trails.  🚀 Customer Relationship Management, providing tools for transparent communication and customer access to loan information.  🚀 Analytics and Reporting, empowering brokers with data-driven decision-making capabilities to optimize operations. Read more here: https://lnkd.in/eFTS3b7A #salesforce #financialservices #mortgagebrokers

Alternative mortgage lender Alta West Capital helps people from all walks of life own homes. As they grew, maintaining a people-first approach became challenging with siloed teams working across disparate systems. With Salesforce, the company unified customer data and communications, helping to: 💙 free up staff from manual tasks so they could spend more time looking after clients 💙 simplify reporting and compliance requirements through automation 💙 conduct complex analyses of deal data to improve stakeholder loyalty Learn how they increased business efficiency by 10%, and how they're thinking about AI: https://sforce.co/3z0mx9Z

Boost Your Brokerage! 📈   As a broker, you know the value of efficiency and comprehensive service and OMS knows how to increase this for your business. Our system is designed to enhance your business with over 40 seamless integrations, connecting you to top-tier providers.   🔹 Streamlined Processes: Simplify your workflow by integrating protection and sourcing services directly into your CRM. With just a click, you can provide clients with comprehensive solutions, saving time and reducing complexity. 🔹 Increased Cross-Selling Opportunities: Expand your service offerings effortlessly. With OMS, you can provide insurance and protection broking, meeting more of your clients’ needs and opening new revenue streams.   🔹 Enhanced Client Retention and Loyalty: Offering more than just mortgage services makes you a one-stop solution for your clients. They’ll appreciate the convenience, leading to higher satisfaction and long-term loyalty.   #OMS #Fintech #Mortgages Neal Jannels Dale Jannels Nick Allen Jodie Andrews BA Hons MSc Joseph Ball Ahmet Tunsay CeMAP Matt Jones

🏠 Learn how one mortgage lender saved 1,500 hours annually, reduced hiring burden, and saved $60,000 by automating their complex loan management process. With 100% accuracy in processing, automation has revolutionized their operations. #automation #mortgagelending #efficiency #casestudy https://hubs.li/Q02FCmjV0