MortgageProcessAutomation–A MortgageAuditsPerspective IntheMortgageindustry,technologyisplayingavitalroleinenhancingthe waylendersandborrowersareinteractingwitheachother.T hetediousand...
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MortgageProcessAutomation–A MortgageAuditsPerspective IntheMortgageindustry,technologyisplayingavitalroleinenhancingthe waylendersandborrowersareinteractingwitheachother.T hetediousand vitaltasksforMortgageAuditshavealsobeenrevolutionizedbytheuseof technology.DigitizationistransformingthemortgageCRMindustry,as explainedinourpreviousblog,Digitizationofthemortgageindustry. AuditsintheM ortgageIndustry Anauditisaformalprocessforcheckingwhethertheorganizationis followingacompliancemanagementsystem(CMS)inlinewithfederal regulationsdesignedtoprotectconsumersfromunfairlendingpractices. Mortgagefileauditsserveasqualitycontrolmeasuresforinternal purposes.T hesemortgageauditsareanexternalvalidationforcompanies thatreporttoregulatoryagenciesi
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