Digital mortgages streamline the loan origination process through an enhanced borrower experience using data intelligence. This allows borrowers to close loans conveniently without meeting in person. Digital mortgages have automated workflows to complete each process well before average times while cutting costs for lenders by 30-50% and increasing sales productivity by 75%. Mortgage lenders are now accepting digital technologies like APIs, RPA, mobile-first design, MVPs, analytics and AI to create smoother processes for borrowers and benefit from increased productivity and cost savings.

1. HOW DIGITAL MORTGAGES ARE
RE-SHAPING THE LENDING ECOSYSTEM

2. WHAT IS
DIGITAL MORTGAGE?
Digital mortgage streamlines the loan origination
process involved in mortgage loan processing through
an enhanced borrower experience. It removes the
need to spend long hours filling a lengthy loan
application and collecting the relevant documents
and uses data intelligence to optimize mortgage
solutions.
Digital mortgage solutions offer its borrowers an
option to close their loans on-the-go and
conveniently without having to meet in-person.
A new and improved lending ecosystem can improve
the borrower experience and reduce loan processing
time while operating efficiently and transparently.

3. Digital mortgage solutions have made it all seem very convenient
and rather time-effective, with each process requiring a few
hours or a few days.
BENEFITS OF
DIGITIZATION
The digitalization of mortgage processes has automated
workflows such that each process is closed well before its
average completion time.
Digital mortgage solutions have helped mortgage firms create 20-
30% top-line growth while cutting down costs sustainably by 30-
50%.
It includes technologies such as chatbots, videos, and self-serve
online tools promote collaborative opportunities between
internal stakeholders and borrowers.
Lending institutions may witness a 75% increase in sales
productivity, about 25% increase in pull-through rate, 40% to
50% reduction in origination costs, and 25% to 40% reduction in
the cost to service upon leveraging digital mortgage solutions.
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4. To offer a full 360-degree service to borrowers this
helps the mortgage lenders to make their different
application talk, so instead of rekeying the data, it
can be done from application to application
through APIs
MORTGAGE
TECHNOLOGIES
Application Programming Interfaces (APIs)

5. We have helped companies to implement their
eDisclosure process to be completely automated
this is just one use-case you can automate
eDisclosure, Flood Cert, Document Routing, Task
Assignments, Notifications etc.
MORTGAGE
TECHNOLOGIES
Robotic Process Automation (RPA)

6. Over 60% of borrowers use their mobile phone for
different things, mortgage process can leverage
this advantage and follow mobile-first design to
facilitate the borrowers with outstanding mobile
experience to perform mortgage applications on-
the-go
MORTGAGE
TECHNOLOGIES
Mobile-first design

7. At one side provides fast time-to-market at the
same time provides companies a chance to fix the
issues as and when arrive
MORTGAGE
TECHNOLOGIES
Minimal viable product (MVP)

8. To access real-time insights and reports about the
borrower and his/her credit rating and financial
ability to repay the loan
MORTGAGE
TECHNOLOGIES
Big data and analytics

9. Document classification and QA is one of the
important and time-consuming task in mortgage
application processing, using OCR to accelerate
mundane processes of classification of documents
and to reduce the room for errors by auto
extraction of data from the documents
MORTGAGE
TECHNOLOGIES
Automation (OCR, machine learning)

10. At its core processes large amounts of data and
perform cognitive tasks like majorly involves
classifying, predicting, and recommending. By
taking advantage of AI, mortgage lenders will be
able to take decisions which are of most beneficial
to their organization
MORTGAGE
TECHNOLOGIES
Artificial Intelligence (AI)

11. THE STATISTICS
of the mortgage lender says that their primary goal
in technology investment is improving borrower
experience
Over
50%
of the borrowers are interested in end-to-end
digital mortgage process
Over
60%
of the borrowers would prefer filling out their
mortgage application online
Over
70%
of the mortgage lenders depend on the technology
to deliver their services
Over
80%

12. CONCLUSIVELY
Mortgage lenders are now accepting the fast-changing
landscape associated with digitalization and automation
technologies.
By creating a digital mortgage lending ecosystem, mortgage
companies now have the opportunity to not only create
smoother processes for their borrowers to delight them but
also benefit from high productivity, faster turn-around time,
and increased cost savings associated with human resource,
their training, and the time, effort and costs this alone
entails.

13. THANK YOU