the current status of loan files every step
of the way. Even better, you can share
this real-time access with your borrowers
and real estate partners. Knowing where
things stand in a time-sensitive process
like getting a mortgage delivers peace of
mind and helps with transparency.
Ease of closing
What if, as a mortgage originator, you
could offer your borrowers the oppor-
tunity to close on their house from
the privacy of their own home? Is that
something they’d be interested in? It
sounds a lot better than driving to a clos-
ing and sitting at a table for hours sign-
ing documents until your hand aches.
By partnering with a lender that offers virtual eClosings, your borrowers
can simply communicate with a notary
using a computer or mobile webcam
to complete the closing live, right then
and there. Previous versions of eClosings still required some in-person contact with a notary to electronically sign
closing documents. Not anymore.
As 100 percent virtual eClosings
have become available in more states,
borrowers are able to complete a closing
anywhere there is Wi-Fi access. This helps
ensure loans get closed on time, which
is good for you, your real estate partners
and your borrowers.
A people business
As much as technology has revolutionized the industry, the mortgage business will always be a people business.
When a borrower is making the most
important financial decision of their
lives, they need a trusted adviser and
consultant — a mortgage originator —
to help steer them through the process.
A fully digital mortgage process is
human-enabled. Originators need to
remember that technology is only as
good as the people behind it. Without great client service, technology is
merely a tool without an edge. With
great service, technology can be a true
game-changer. The human element
is key to success for a mortgage, and
technology only enhances that human
interaction.
Homeowners go years between
getting a new mortgage. That’s a lot
of time that can go by where they
wouldn’t know about all the great
technological advancements that have
transformed the industry. Like other
consumers, borrowers want the convenience, transparency and speed that
technology has to offer. It’s up to mortgage originators to not only inform
borrowers about the advancements
within the industry, but to also show
them why it’s the way to go.
n n n
Technology is the wave of the future,
and the home-loan process is no exception. Mortgage brokers need to
seize the opportunity by working with
a wholesale lender that has this technology right now. By staying at the
forefront of these advancements, originators are positioning themselves to be
ready to compete when a fully digital
mortgage experience becomes more
mainstream.
Partnering with a lender that arms you
with the tools of today prepares you for
what’s coming tomorrow. Time to get on
board with the revolution, or risk getting
left in the dust. n
<< Achieve continued from Page 42 “Originators need to remember
that technology is only as good
as the people behind it.”
