Automating Mortgage Loan Processing with Security and Compliance
December 4, 2017
Too often we hear of mortgage loan officers and others involved in loan processing exposing their borrowers to unnecessary risk. In fact, as recently as two years ago, 70% of lenders examined during an independent investigation were found to either send or receive personal and financial information over unencrypted email as an attachment.
Anytime customer information is transmitted as an attachment to an email, no matter how seemingly innocuous, the sender creates the potential for a serious risk of identity theft for the borrower and regulatory violations for the lender.
This risk is unacceptable and entirely avoidable.
Automated mortgage application processing solutions combining technology from Box, Kofax, and Genus Technologies eliminate this threat and increase processing speed. Using a secure delivery channel to keep confidential customer information secret, while reducing the potential for human error in the process, mortgage lenders have a proven solution to critical privacy concern.
From large lenders to independent brokers, this channel offers the perfect solution to those who require easy, fast and secure file transfers and loan application submission.
To learn more, contact John Peters, Capture Specialist, 612-3618425.