Real-Time Demand: Considerations on Mortgage Automation
Tuesday, April 4, 2017
Time: 2:00-3:30 p.m. EST
The purpose of this study is to better understand a recent trend in the mortgage process industry toward utilizing machine-based, real-time loan processing technologies. In the age of digital and mobile banking, consumers are growing to expect more services, including mortgage processing, to take place at Internet speed.
Certainly, when a company is in the business of lending, insuring, or buying and selling mortgages some degree of diligence is necessary and real-time mortgage analysis may not always be possible. Still, large financial institutions are moving toward automation with an expectation that certain processes, from classification and data extraction to valuation and underwriting, can all be accomplished in near real-time, while an actual user is waiting on a response. This webinar will consider the effectiveness of mortgage loan automation against alternative solutions such as outsourcing and in-house processing.
In this webinar, we will focus on four primary factors that seem to be moving the mortgage industry toward a higher degree of automated processing:
- Cost Reduction: Learn how and to what degree automation reduces labor costs compared to in-house and outsourced processing environments.
- Real-Time Opportunity: We will look at how real-time demand has evolved in the digital age and how loan processing automation enables financial institutions to meet this demand.
- Processing Equilibrium: We will explore how to control the resources needed to stabilize processing times and accuracy rates for different application sources (paper application vs. a fully electronic, online submission).
- Scalability: We will compare and contrast the scalability of automated processing systems, crowdsourcing, outsourcing, and in-house operations.
- Beth Fidellow, Director of Major Accounts, CVision
- Dr. Ari Gross, Chief Executive Officer, CVision
Who Should Attend?
- Chief Technology Officers
- Chief Information Officers
- IT Professionals
- Heads of Production
- Anyone seeking to learn more about automating mortgage processes