Mortgage and Title
Document management technology reduces
filing and retrieval time, decreases storage costs, eliminates
lost loan folders, and enables instantaneous, shared access to
your business’ documents.
Today's successful mortgage and title agencies face greater
challenges than ever before. Operating costs and government
regulations continue to increase while competitive advantages
are shrinking. Streamlining operations to optimize efficiency
and increase the number of closed loans are critical for continued
growth. Dollars previously wasted on inefficiencies are now
channeled to generate increased revenue.
Paper-driven loan/title processes and increased regulatory requirements
burden resources including loan officers, title agents, administrative
staff, building space, fiscal operations, etc. By digitizing, standardizing,
and automating your mortgage or title processes, document imaging enables
your business to run more cost-effectively, and increase your competitive
advantage.
Challenges
High volumes of loan documents
- Lack of integration with your title or mortgage automation application
- Costly storage of paper loan files—onsite
and offsite
- Significant risk/costs for poor records
administration—lawsuits, “degraded
defense”, regulatory compliance
- Overnight/next-day shipping expenses
- Need to share information with multiple managers or agents
Key Benefits of Document Imaging within the Mortgage and
Title Industry
- Increase volume of closed loans/titles by reducing documentation
processing cycle time
- Integrate with your title or mortgage automation application
to reduce redundant data entry
- Reduce corporate risk from financial/regulatory compliance perspective
- Increase customer satisfaction ratings
- Reduce business-to-business transaction costs
- Streamlined back-office environment improves employee morale,
and increases service cycles
- Save money on paper storage/filing and shipping costs
- Allow management to audit who/when loan/title files are viewed,
modified, or disseminated
These challenges and benefits, combined with the inherent inefficiencies
of traditional business models create compelling reasons for mortgage
and title companies to implement document management systems.
Solution
Document management technology reduces filing and retrieval
time, decreases storage costs, eliminates lost loan/title folders,
and enables instantaneous, shared access to your business documents.
The
Intellivue Financial Services Edition supports the demanding, unique
needs found within the mortgage and title industry and is on course
to save our newest customer over $150,000 through efficiency gains
during its first year of use! Intellivue is a web-enabled, feature-rich
document imaging/content management platform designed to support “need to know, right to know” environments.
What’s more, Intellivue links to your existing title or mortgage
automation system, streamlining document retrieval and eliminating the need for duplicate data entry.
Learn More Today
If you would like to learn more about how your company
can decrease overhead and increase closed loans/titles through
the use of document imaging, contact
Intellinetics today to schedule visit. We will quickly determine
if we can assist in providing results.
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