Process and operations automation engages robotic software programming to perform mundane, time-consuming, redundant or low-level tasks. That way, human labor can focus on highest and best use activities.
Process automation can help unify data across all applicable platforms and reduce the amount of time it takes to prepare documents from hours to minutes.
Another benefit many lenders are taking advantage of is the automation of compliance tasks during the mortgage process like disclosures.
For Mortgage Professionals
Process and operations automation reduces labor costs by delegating tedious or repetitive tasks to software programs.
Personnel can focus on high-value tasks like prospecting, networking, or closing new business.
With fewer tedious and mundane tasks on their to-do list, the team will have higher job satisfaction and motivation.
Automation helps a lender seamlessly scale — for example, by making it just as easy to process 1,000 disclosure forms as it is to process 100.
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AIQ by ICE Mortgage Technology
Amazon Textract
Automation Anywhere
Candor
Gateless
KensieMae
Lending DocAI by Google
Loan Logics
Ocrolus
SoftWorks AI
Tavant
UI Path
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