It’s Still Important To Go Paperless
"Going paperless is as much, if not more a
priority in this current market,” added Jonathan Corr, chief strategy
officer at LOS vendor Ellie Mae. “I continue to see massive month over
month growth (the number of loans involved in our EDM solution has grown
over 100% since December 2007, and growth in the last three months has
begun to accelerate), and I believe it’s driven by folks understanding
that efficiency, quality and transparency are paramount in this market."
Electronic Document Management: A High-Impact Technology for Originators
"Paperless, electronic document management works regardless of
the size of the company and because the return on the small investment
is felt almost immediately it will attract pretty much all of the
origination companies eventually. It’s no secret that their numbers are
dwindling; industry observers are telling us that there are as few as
half the mortgage brokers now as there were just a year ago. Those who
remain will simply have to find better, faster and cheaper ways to
conduct their business if they wish to stay viable."
Paperless or Paper-Light: Which is Better?
"The buzzword paperless should be translated to paper-light. There can
be a lot of efficiency gains attained by getting some of the paper out.
Sure we want to get all the paper out, but do we wait until that’s
possible to gain efficiency? I would hope not,” concluded Mr. Smith."
Seven Major Concerns for the Mortgage Originator
"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
Who Cares About Paperless Processing?
"As lenders look to be more efficient, concepts like electronic
delivery, imaging, electronic workflow and electronic signatures come to
mind. There’s a lot of hard costs that can be eliminated right away by
adopting these technologies. However, the idea of saving trees and
helping the environment is also an up-and-coming concern."
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