Indicators that Digital Mortgage Adoption is Accelerating | Part One: Increasing Use of Digital Mortgage Application Platforms

While mortgage purchase origination dollar volume is down, application volume hit its highest level in 9 years last month due to dips in interest rates combined with wage gains and home price deceleration.

There are also clear signs that the industry and the borrowers we serve are increasing adoption of digital mortgage technologies to streamline processes, which is key to bringing down the rising costs of loan origination. Of course, that’s not why borrowers are embracing it. For consumers, it’s all about a speedy close.

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April Compliance Roundup

Each month, lenders must handle new regulations and updated interpretations of existing rules. Even now, TRID continues to provide complex issues for compliance offices. Senior Regulatory Compliance Specialist Timothy Raty peeled back a few more compliance layers with an in-depth article on one of the more intriguing conundrums of TRID. His piece rounded out a month that saw numerous document updates changes as well as investor compliance news.

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Spotlight: The Black Knight 2019 Informational Exchange—Digital Transformation in the Mortgage Industry

We sat down with Rich Gagliano, President, Origination Technologies for Black Knight, to spotlight the importance of collaboration, the growing need for Automated Intelligence and the new innovative technology they are introducing. Docutech’s ConformX dynamic doc generation and Solex eSignature technology is utilized by Black Knight in their LoanSphere Expedite consumer portal as well as their Empower Now! Loan Origination Software platform.

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Insights and Timing to help you Prepare for the New URLA

Are you ready for the new URLA?  Starting July 1, 2019, both Fannie Mae and Freddie Mac will begin the optional use period of the redesigned Uniform Residential Loan Application (“URLA”) published jointly by the Government-Sponsored (“GSEs”).  Starting February 1, 2020, all loans with an application date on or after February 1, 2020 and purchased by Fannie or Freddie must contain the redesigned URLA. 

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Answers to 3 Common Questions About eClosing

As the industry continues to push more aggressively toward a digital mortgage, electronic closing becomes more critical. After all, this is where the borrower gets the most benefit out of the paperless process and when done correctly it improves borrower satisfaction, which can increase repeat and referral business.

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Spotlight: Ellie Mae Experience 2019 and Beyond

For this month’s Docutech Spotlight blog series, we sat down with Parvesh Sahi, SVP Business Development and Corporate Strategy for Ellie Mae, to discuss the recent Ellie Mae Experience conference and what lenders can expect to see as the mortgage industry moves into 2020.

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Spotlight: The Mortgage Collaborative -- Serving Independent Mortgage Bankers and Community Lenders

We sat down with Tom Gallucci, the Vice President of Business Development for The Mortgage Collaborative, to spotlight the lender benefits of joining this industry leading collaborative group. Docutech is the collaborative’s exclusive doc services provider offering members preferred pricing to the ConformX dynamic doc gen engine as well as the Solex eSignature and eClosing platform.

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