Origination costs have been on the rise over the last few years. According to the Mortgage Bankers Association, the combination of increasing regulations and manual efforts to ensure compliance has resulted in U.S. mortgage origination costs that are three times higher than they were a decade ago. RPA can dramatically reduce the need for human intervention in loan processing so that employees can focus more on thought work or interfacing with customers.
Ask a Mortgage Process Automation Expert – Part 2
Welcome back to part 2 of our series Ask a Mortgage Process Automation Expert, where our resident mortgage industry experts share their insights into how lenders can be successful with RPA.