Fully digital eHELOCs are shifting the industry.
Jan 24, 2023
As we begin 2023, it's important for financial institutions to look ahead and consider how to enhance their digital capabilities in innovative ways to address changing customer needs, values, and economic conditions. According to Gartner's top 10 strategic technology trends for 2023, one of the key themes is "Scale," with an emphasis on Industry Cloud Platforms as the building blocks for organizations to create new and differentiated digital initiatives and experiences.
With numerous studies indicating that financial institutions intend to continue IT investments despite challenging market conditions, now is the time to ensure your lending institution is on the path to future success. One critical aspect of the larger digital mortgage experience is eClosing. eClosing, whether full or hybrid, can deliver significant time and cost savings, as well as improved loan quality and customer satisfaction. However, not all eClosing platforms are created equal.
To ensure you are getting the most out of your eClosing solution and that it is scalable for the future, here are seven critical components to look for:
As the market shifts and lenders find themselves in a position of ramping up throughput with reduced resources, optimizing the productivity and efficiency of your closing solution will be imperative to staying competitive. By evaluating your eClosing solution against these critical components, you can ensure that your lending institution is not only keeping up, but leading the way in the digital mortgage industry.
Download the complete checklist, here.
The preceding is for informational purposes only and is not and may not be construed as legal advice. No third-party entity may rely upon anything contained herein when making legal and/or other determinations regarding its practices, and such third party should consult with an attorney prior to embarking upon any specific course of action.