Correspondent lenders are challenged to maintain existing margins, and growing those profit margins is tougher than ever. And, with increasing regulations, loan turn times are slowing. Capsilon DocVelocity helps correspondent lenders increase their margins by speeding production times while reducing operational costs and buy-backs.
With Capsilon DocVelocity, correspondent lenders can:
Reduce labor costs by up to 80% with an optimized loan workflow.
Leverage Automated Document Recognition (ADR) technology to speed the onboarding of loans. ADR automatically recognizes, names, and indexes more than 250 common mortgage documents, reducing up to 90% of the time it takes to onboard loans.
Speed loan production times with automation at key points within the loan life cycle, including E-Signatures and E-Delivery capabilities.
Define loan packaging rules and package loans for investor delivery with the click of a button. A missing documents report and visual quality control tools ensure completeness and quality before a loan is delivered.
Deliver pools of loans to investors with one click using DocVelocity’s Batch Delivery capability.
Securely share documents and loan files between multiple parties for improved, efficient collaboration and communication.
Ensure compliance with automated loan evaluation that moves quality control to the front of the process.
Talk to an expert today to learn how correspondent lenders rely on Capsilon DocVelocity to optimize workflow, increase margins and reduce buy-backs