500: According to the Mortgage Bankers Association, that’s the average number of pages in a mortgage application file. A lending institution with thousands of loan files pays mounting printing costs, worker wages and storage fees to keep all of this paper organized and make sure the information it contains gets into the loan origination system (LOS).
But removing paper is only the beginning. True optimization requires start-to-finish mortgage automation that gives you full control of your mortgage document imaging, processing, communications and information transfers.
Visit Hyland Financial services at Digital Mortgage to discuss your document management capabilities for lending, account opening, and fraud management.
Prepare for tomorrow. Transform today. Embrace digital opportunities with Hyland.