Background
Leading Mortgage player improves business outcomes through cycle time reduction
Business challenge
- Re-engineer loan origination processes at the height of a mortgage boom and streamline inefficient lending processes.
- Itemize elements of the current loan origination process, identify new technology and business processes, and create an orderly plan for modernization.
- Prepare the client to internalize the technology and assume control of its use and development following platform stabilization and final UAT.
- Establish an in-house automation capability by creating a Center of Excellence for automation.
Sourcepoint solution
- Re-engineered loan origination processes
- Automated validation of standard conditions for title, hazard, VOE and refi payoff amount
- Flood Certification check
- FNMA / FHLMC check current loan holder on conventional refi loans