The Impact of RPA in Mortgage Lending

HPA News

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. Robotic Process Automation (RPA), or the process of shifting repetitive and data-driven tasks from humans to software bots, has become increasingly popular in the mortgage lending industry for a variety of reasons, from market fragmentation to increasing regulation to evolving borrower expectations.
Read More