When it comes to originating, closing, and recording a mortgage loan successfully, timeliness and accuracy are paramount in this era of more stringent regulations and stiff penalties. Incorporating electronic processes into your loan fulfillment workflow can make a big difference in both the cycle time and loan quality.
In less than a year, two new forms will replace the Truth-in-Lending statement, Good Faith Estimate and HUD-1 settlement statement. Transitioning to the new Loan Estimate and Closing Disclosure is not simply a matter of content and new forms. It requires a whole new way of collaborating with workflow participants. Lenders only have until August, 2015 to comply.Read More
You may already be able to accept applications electronically over the phone or online, giving you a head start on the path towards a paperless loan process. eLynx can help you expand your paperless loan process beyond applications to include disclosures, electronic signatures, and the collection of supporting documentation.Read More
Paper-based underwriting slows down the process and makes it difficult to balance workload across geographically distributed processing centers. eLynx can help you solve this problem by moving all of the documents online and into workflow-enabled electronic loan folders.Read More
A well executed mortgage closing is critical to delivering an excellent customer experience, generating quality loans, and preventing losses from fraud and HUD-1 errors.Read More
During the Closing and Servicing of loans, documents are often converted to paper because lenders lack the infrastructure for a secure electronic closing workflow and delivery of servicing documents to borrowers.Read More
An efficient post-close electronic process improves loan quality and reduces the time it takes to release funds so they can be used for new loans.Read More