How much will you save with LoanStacker? Use our
Return on Investment Estimates to
Read the LoanStacker
/ ViewWise Case Study to see how Mortgage Solutions of Colorado benefits
from their new paperless workflow enabled by LoanStacker.
Benefits of Paperless Loan Processing:
Avoid costly delivery delays and errors
Prevents users from shipping loans unless all required documents are present and
sorted in the correct stack order.
Improve customer service
Respond to customer inquiries instantly instead of taking a message and calling
them back after you finally find the file you need.
Makes mortgage scanning usable and cost effective
Without OCR, labeling each document is too labor intensive to be cost effective.
Without labeling each document, a scanned mortgage file cannot be used to
underwrite or ship to investors.
Reduce scanning time by over 80%
Scanning solutions that require manual naming of documents can take more than 5
times longer to scan a mortgage loan file. Time savings are even greater
when you consider the fact that OCR is automatic and can run in the background.
Save on office supplies
A typical mortage broker will save $10-$25 per loan on paper, toner, equipment
leasing and other office supplies associated with paper-based loan processing.
Save trees and impress your environmentally conscious customers.
Reduce shipping costs and time
Instantly deliver any document electronically, saving you thousands on FedEx/UPS
charges, fax tolls and time spent stuffing envelopes, writing shipping labels,
Typical customers can process up to 50% more loans with the same staff after
Save on paper storage costs
Free up office space taken up by filing cabinets and file storage rooms.
Eliminate off-site storage.
Access files anytime from anywhere
Any document can be viewed from any computer connected to your network.
Files can be shared with multiple users without copying.
No more flipping pages to find specific documents
Since each document in the loan is individually labeled, there is no need to
flip through hundreds of pages to find the one you need.
Unlock the best features of your Loan Origination Software
Many LOS packages have document tracking, checklists and business rules that
only work if each document is scanned and identified in the loan's e-folder.
LoanStacker is the only way to unlock these features without adding hours of
extra work to each loan.
Automate the submission process
Apply investor stack orders automatically to create ordered PDF files that are
ready for electronic submission.
Compatible with any document provider
Recognition of documents does not depend on any specific barcodes or formatting.
DocuTech, DocMagic, Calyx Point, VMP, etc. are all compatible.
Compatible with custom loan documents
LoanStacker can be customized to recognize your company's custom formats and
internal documents, as well as non-standard documents like credit reports, bank
statements, pay stubs, VOE, etc.
Full list of recognized documents.
Byte Mortgage & Ellie Mae Encompass
Scanning documents is required to unlock the full potential of these powerful mortgage applications. But it can take hours to label and attach the hundreds of applications, disclosures, credit documents and other required forms using the built-in interface.
Integrations & Demo Videos
articles & resources
Several relevant articles on loan document scanning and paperless mortgage applications.
"Go paperless in your office and stop being a slave to a bygone practice. At the same time you’ll save time, money, effort, and gain a PR windfall benefit by going "green." Explore Electronic Document Management alternatives."
-James Hennessy, Mortgage Originator
more paperless mortgage articles