04.19.18

Unravel the Jargon: What is a True “End-to-End” Loan Document Platform?

Any lender seeking a new technology partner has to wade through a river of nearly useless buzzwords. The cloud. AI. eMortgage. Blockchain. End-to-End.

They all have strong business cases, but too many companies just throw the words out there hoping to get their voice heard amongst companies seeking the newest offerings. Without substance, though, these bits of jargon mean nothing.

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03.29.18

Good News: Consumer Lending is on the Rise

What does a healthy loan portfolio look like? Much like financial advisors counsel investors to diversify their personal investments, banks and credit unions must follow the same advice. Relying too heavily on one loan product puts the institution at risk and leaves valuable growth opportunities for someone else to grab.

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03.22.18

Investing Back into Your Home with HELOC

Spring is around the corner, and for many homeowners, it’s time to shake off the winter doldrums and freshen up the home. Often, this means tackling a major remodeling project – possibly a new bathroom, updated kitchen or that dream landscaping project. As the economy remains strong, the appetite for remodeling is growing quickly. The Joint Center for Housing Studies of Harvard University’s Leading Indicator of Remodeling Activity (LIRA) projects that homeowner spending on improvements and repairs will approach $340 billion in 2018, an increase of 7.5 percent from estimated 2017 spending.

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03.08.18

TRID Compliance Means More Paper for Lenders, For Now

For many years, one of the primary benefits touted by advocates of electronic mortgage lending was the concept of moving to a paperless loan process. However, with the Consumer Financial Protection Bureau’s (CFPB) TILA/RESPA Integrated Disclosure (TRID) rules that went into effect in 2015, eliminating paper – and its respective costs – is still a challenge for lenders making the move to digital.

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02.22.18

Tapping into the Rising Tide of Home Equity

Part One of a Series on HELOC Lending

What is the most significant generator of wealth for Americans right now? According to the Federal Reserve’s Survey of Consumer Finances, it’s the increasing appreciation of their homes and real estate. The survey found that the median net worth of home owners increased 15 percent since the previous report in 2013, largely due to the rebound in housing values across the country. On the other hand, renters saw their net worth decline five percent in the same period.

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01.25.18

Empowering Your Lending Process with Dynamic Documents

One of the key areas of focus for the Mortgage industry in 2017 that is carrying into 2018 and beyond is the importance on delivering a better overall borrower experience. Lending success in the future will greatly depend upon the ability to deliver a streamlined and digital experience to the customer – one that enables the borrowers to feel more knowledgeable and empowered in the process. That’s what building a more powerful lending enterprise will mean in the year ahead.

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01.18.18

What Does it Take to Generate One Billion Mortgage Documents

How much is one billion? 

One billion seconds would take 31.7 years to pass. A stack of one billion-dollar bills would stretch nearly 68 miles into the sky.

 And for us at Docutech, one billion is the number of mortgage lending documents ConformX, our dynamic document generation engine, has generated since launching in 2004.

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