{"id":35079,"date":"2022-02-23T13:33:40","date_gmt":"2022-02-23T13:33:40","guid":{"rendered":"https:\/\/codeandpepper.com\/?post_type=list&p=35079"},"modified":"2022-05-26T06:28:17","modified_gmt":"2022-05-26T06:28:17","slug":"best-digital-mortgage-solution","status":"publish","type":"list","link":"https:\/\/codeandpepper.com\/products\/best-digital-mortgage-solution\/","title":{"rendered":"Best Digital Mortgage Software Solutions"},"content":{"rendered":"\n

Digital mortgages solutions<\/strong> guide lenders through the whole process of getting money and make them comfortable on the way. These are a special breed of FinTech products. They require impeccable design, in-app copy, and functionalities that are useful but not intrusive. It doesn\u2019t get more personal than that. What digital mortgage apps are out there? Here\u2019s the quick overview and the list.<\/p>\n\n\n\n

What features does the digital mortgages platform need?<\/strong><\/h2>\n\n\n\n

First of all, a product like that requires a certified e-signature to work. That means safe and efficient identification confirmation and personal data storage. Facilitation of the electronic document signing process is obviously a must. But it\u2019s not all.<\/p>\n\n\n\n

Another step, or should we even say the first one, is the ability to generate and receive a digital application from a borrower. This type of document should hold information about income, gender, age, number of family members in the household, etc. Since many apps utilize the cloud these days, a question of cloud security<\/a> is always an important one. The product must be secured, period.<\/p>\n\n\n\n

Another important thing is the ability to process the application from A to Z, without the support of any other, third-party solution. Everything must be handled in-app for convenience and security reasons.<\/p>\n\n\n\n

Lastly, there\u2019s an integration with loan origination system (LOS) or implementation of native origination functionality. This is for handling the process. From loan origination, through fulfillment, pricing, checking of eligibility to document signing and management. <\/p>\n\n\n\n

Digital mortgages are about trust<\/strong><\/h2>\n\n\n\n

That\u2019s why it\u2019s important to make potential customers comfortable and engaged. You want them to feel cozy like they already live in the house of their dreams. According to PwC<\/a>, 85% of consumers want to trust businesses with their personal information but they don\u2019t feel safe enough. By making data and customer connection a priority, you can increase your chances of success. <\/p>\n\n\n\n

Create a disclaimer. Explain to your audience how this digital mortgage solution treats their data and what are they needed for. Not all mortgage platforms do that, losing prospects as a consequence. <\/p>\n\n\n\n

According to McKinsey & Company<\/a>, a properly designed and implemented digital mortgage origination journey can reduce costs per loan by 10%. It can also shorten the loan processing time by 15% to 40%, and reduce the underwriting touches per application by 15% to 40%. All by betting on customer support like chatbots, video calls, e-notes, interactive calculators, and more. <\/p>\n\n\n\n

People won\u2019t use this kind of software if they don\u2019t find value. The relatively cheap cost of the loan is not everything. Best digital mortgage platforms <\/strong>deal with people, not numbers. If you can\u2019t find the best loan software<\/a> on the list, contact us. Let\u2019s build something unique.<\/p>\n\n\n

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AtClose<\/h3>\n
\n \"\" <\/div>\n <\/div>\n
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\n \n\n\n\n\n<\/svg>\n 250+ Employees\n <\/div>\n
\n \n\n\n<\/svg>\n Cranbury, United States <\/div>\n
\n \n\n\n<\/svg>\n Est. 1995 <\/div>\n <\/div>\n
\n AtClose is the next generation of digital mortgage, title and escrow solutions which enables faster closings and data driven insights for better communication and shorter cycle time for both mortgage lending and title industries.\r\n\r\nAtClose for Lenders: \r\nDrive operational efficiencies across banks, financial service providers, and mortgage institutions with future ready; new generation, of digital mortgage solutions by AtClose.\r\n\r\nAtClose for Title & Settlement Companies: \r\nStreamline workflow for your title and settlement business by harnessing the power of AtClose; future-ready, end-to-end title and settlement production software. <\/div>\n <\/div>\n
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