Why Lenders Need To Embrace New Mortgage Technology August 28, 2017 In Lenders Technology drives business. New software and tech platforms are produced to keep up with the demands of the consumer, but also help make the lives of industry professionals easier. If LOs and lenders embrace new mortgage technology, you can keep up with the competition, accelerate business growth, and serve your clients well. Here are some incentives: Choosing the Best in the Business Gets the Best Closing Experience A major reason why Bay National Title Company uses Resware™ is that it increases productivity with added organization and easy document storage. This paperless environment propels efficiency to new heights, eliminating hours of shuffling through troublesome paperwork. It smooths out the path to closing with its ability to store and access documents, allowing a transparent space for your closing disclosures, insurance and loan estimates, and other pertinent information. Resware™ brings the documents you use every day into a single place— a powerful tool indeed. Gaining Mobile-Friendly Access Increases Convenience New mortgage technology is responding to an ever-increasing mobile society. Having access on-the-go allows LOs and lenders availability to information like never before, giving you the opportunity to take care of clients anywhere that has an internet connection, at any time. Utilizing Automation Yields Greater Accuracy and Saves Time Completing loan applications and processing credit decisions require large amounts of data and can take quite a lot of time to complete. With the automation included in new mortgage technology, you can process documents quicker, and with more accuracy. From credit reports to the verification of assets and income, and other information needed for mortgage applications, underwriting and servicing processes, new mortgage technology performs an important quality control function and allows you to serve more clients. Allowing Tech To Do the Tedious Work Transforms Your Experience If you embrace and leverage new mortgage technology, you will get freed up to help coach more clients through the home buying process — answering questions and finding the right solutions to help people with one of the most important experiences of their lives. Your work experience will be transformed, bringing an increased quality to your work life, and to your clients’ journey as well. Building a Better Brand and Staying Competitive With Resware™, you can not only make your life easier, but you can also continue to be a strong leader in the industry. It can help you build a better brand while increasing the amount of traffic you can handle. Increasing Compliance and Security You and your business will also benefit from increased compliance and security. These two major areas are critical to success, and this capability alone provides LOs and lenders an advantage that is a true decision maker. Are you ready to make the switch to a title insurance company with Resware™? Bay National Title Company offers REO, Escrow, and closing services to help you achieve a better closing experience. ***Disclaimer: Resware™ is not affiliated with Bay National Title Company. Resware™ is a trademarked product of Adeptive. CHECK OUT THESE RELATED POSTS: What’s in Store for Real Estate for the New Year? 2018 Housing Market Predictions 2017 was a bit of a wild ride with a listings shortage, potential legislation affecting the market,... U.S. New Home Sales Reach 10-Year High The U.S. Census Bureau and the U.S. Department of Housing and Urban Development recently released the October... How Will Changes to NAFTA Affect the U.S. Housing Market? The U.S. housing market propels the success of lenders, title insurance companies, real estate and construction professionals,... QUICK - GET YOUR CLOSING DISCLOSURE BY BNTC SAME DAY GUARANTEE GET MY CLOSING DISCLOSURE TODAY **Disclaimer: File MUST be accurately balanced in order to complete same day guarantee. Files sent after 2pm EST will be worked and attempted to turn back same day.