Mortgage Services

With the current state of the mortgage industry, it seems obvious that mortgage lenders are constantly evaluating how to cut the cost of originating, underwriting and delivering loans to the secondary market.  Paper-based documents are extremely inefficient in streamlining processes and enabling efficiencies.  Converting paper documents to electronic documents for faster turn-time and ultimately “lights out” processing has and will continue to be a hot topic.But, what is the best approach? Paper documents converted to images? Data and document combined in a MISMO Smart Doc? Some paper, but mostly electronic documents?

Recently, my colleague, Greg Smith vice president and general manager of Xerox Mortgage Services, contributed to the Mortgage Technology magazine survey on Paperless or Paper-light: Which is better? Check it out and see if you concur.