Combat Margin Compressionwith Process Automation
The mortgage industry faces a variety of challenges today. Mortgage rates and production costs are both on the rise. Market share is increasingly fragmented. Borrower expectations are evolving. The changing landscape has lenders looking for new ways to sustain profitable growth and create market advantage.
HPA can help you achieve that with a highly-skilled robotic workforce that processes repetitive tasks across the systems you use every day, such as Encompass® by Ellie Mae ®, Mortgage Cadence, Finastra, Optimal Blue®, LoanSphere®, LendingQB®, Fiserv® and proprietary applications.
View the Mortgage Onesheet
Improve Borrower Experience
Originate more loans and accelerate cycle time with 24/7 processing
Lower processing time and cost; empower employees to serve customers
Risk and Compliance
Adapt quickly and efficiently to regulation changes
Automating in Encompass
Considered the preferred technology choice, it is undeniable that Encompass is a powerful tool for mortgage companies. As with any robust tool, there is a significant investment of time for employees to learn to use it with great efficiency. This is where HPA comes in. We can build an automation layer over Encompass to eliminate time-intensive or repetitive tasks so your employees can focus on delivering more value to your business and your customers.
According to the Mortgage Bankers Association, the combination of increasing regulations and manual efforts to ensure compliance have resulted in U.S. mortgage origination costs that are three times higher than they were a decade ago.