LOAN AUTOMATION  

"THE AVERAGE MORTGAGE APPLICATION FILE HAS BALLOONED TO MORE THAN 500 PAGES IN RECENT YEARS"

 

-David Stevens, CEO of the Mortgage Bankers Association (CNN Money, December 2013).

 

WAVE offers a document management solution designed for Mortgage Loan Origination made up of best-practice products and services.  This solution includes state-of-the-art process management, enterprise content management, analytics, data capture, customer communications, and compliance, effectively covering all stages in the loan process.

 

 

LOAN PROCESSING SOLUTION OVERVIEW

 

  • Strong ECM capabilities for content management, security, and search and discovery, complaint to Consumer Financial Protection Bureau (CFPB) 

 

  • Strong BPM capabilities for defining, managing, and monitoring loan processing

 

  • Enterprise capture to automate loan creation and eliminate data entry error

 

  • Customer communications management for correspondence with loan applicants, to improve customer service

 

  • End to end information governance to provide a complete audit trail and retention of all information related to a mortgage loan

 

  • Graphical tools for rapidly creating applications and user interfaces that can adapt to the continuously evolving nature of the loan process

 

  • Integration to external systems to bring together all the information and processing to process a loan from origination to underwritten approval

 

  • Ability to audit entire loan packet for mission documentation

 

 

 

FACT:  Mortgage Lenders see 30% fewer errors in documents processed with a document management system designed for Mortgage Processing

 

 

LOAN AUTOMATION BENEFITS

 

  • Offers ability for employees to work smarter, not harder. 

 

  • Improved visibility and control of loan documentation

 

  • Easily expandable and scalable

 

  • Significantly reduce unnecessary paper load and human error.

 

Learn More

© All Rights Reserved: 2019 Wave Technology Solutions Group - 23161 Lake Center Drive Suite #235 Lake Forest, CA 92630 - Phone: 949-453-9283 Toll free: 888-696-WAVE 

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