Mortgage lending is a paper intensive industry, and document management is often the Achilles’ heel of otherwise top-notch operations. The implementation of an effective imaging solution creates an opportunity for a positive change for your organization. When you adopt paperless loan processing you gain a competitive advantage by dramatically increasing your efficiency while significantly reducing your costs.
Paperless is painless
DMD’s paperless solution is specifically tailored to meet the needs of mortgage lenders, including the ability to collaborate with underwriters, investors, originators, and agencies such as HUD. Our solution easily empowers you to receive, share, archive, retrieve, and distribute loan file documents while protecting the security and integrity of images throughout the loan process.
Features such as barcode support, a fully integrated print driver, and intuitive merge/split functions makes file assembly and distribution faster, easier, and dramatically cheaper than working with physical files or scanned PDFs. Custom views make image-based processes more efficient than handling paper – directly translating to service level improvements.
DataTrac EDM will take your business paperless, is easily deployed, and has an immediate ROI.
This virtual file cabinet eliminates your dependency on paper and provides quick, cross-organizational access to all of your loan documents.
DataTrac EDM product highlights include:
- Improve internal turn times with faster service
- Reduce copier, storage, and overnight costs by eliminating paper
- Avoid suspended loans due to missing or misfiled documents with automated file audits
- Streamline shipping with electronic delivery to investors
- Turn warehouse lines faster with quicker investor sales
- Maximize efficiency with parallel workflow
- Take your entire company paperless
- Fly through audits with instant file retrieval
Everything you can do with a paper file...and MORE!
Use customized views to see the loan the way you want to. Insert signatures, annotations, images, shapes and highlights onto the document. Retain a history for each document without cluttering the file, and without delivering the wrong version to the investor. Add detailed notes to any page without compromising the integrity of the image. Split and merge documents faster than you can fumble with file fasteners, un-stack, and re-stack a physical file!
DMD's Paperless solution specifically tailored to meet the needs of mortgage lenders
Supports an unlimited number of profiles, each with their own stacking order and required document set. Whether submitting to underwriting or delivering a file to an investor, audits quickly identify any missing required documents. You can even audit, bundle and deliver an entire trade!
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