HPA’s RPA-as-a-Service enables lenders to reduce risk and automate 85% of the loan cycle process.
HPA is proud to announce we are a preferred vendor of the Lenders One Summit, and we look forward to meeting and supporting their mortgage lender members at next week’s Annual Summit.
Avery Fisher, HPA’s chief executive officer, joined John Webber, managing director at Wavestone, on a recent webcast to discuss the key differences between licensed RPA and RPA-as-a-Service, and how mortgage lenders could benefit from the RPA-as-a-Service model. Joining the webcast was Jane Borbee, senior vice president of operations at Homestead Funding, to share her perspective on RPA-as-a-Service as a client of HPA.
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.