Automating the mortgage process

With loan application volumes increasing, navigating the complex and regularly guide steps in the personal loan system can be pretty the headache for loan officers. From collecting, reviewing, and verifying documents, to juggling records between more than one system, there’s ample chance for blunders and slowdowns. But with mortgage processing automation, there’s a better, smarter way to streamline the lending process and do away with tedious guide steps.

Lending institutions the use of the Blend software is already one step nearer to streamlined mortgage processing. But combined with the power of robotic system automation (RPA), they can automate the mortgage application system with the aid of routing varieties and information robotically to limit the complexity, virtually get rid of the practicable for errors, and make certain consumer satisfaction.

Key Areas Automate is Used in Mortgage Processing with Blend

Many banks use legacy applications and structures for mortgage processing. While Blend has direct integrations with many more recent mortgage origination systems (LOS), Automate is capable to bridge the gap between Blend and your legacy LOS to enhance its value.

RPA works by using API to automate the download of done functions and files from Blend, then uploads them without delay into the LOS except for any manual intervention. And for sure structures without API connections—like Mortgage Cadence and MortgageBot—Automate is able to input or clutch the vital records through personal interfaces like web portals and desktop applications.

The powerful connection between Automate and Blend helps keep the mortgage system running smoothly in other approaches as well. For example, when new documents arrive in Blend for loans that have already been exported to the LOS, Automate bots make certain that the most accurate, updated data gets to the place it desires to go.

And automation doesn’t just make the mortgage technique smoother for loan officers, however also, applicants. Automate enables a higher customer ride through enabling candidates the capacity to work entirely in the Blend interface as a substitute of additionally having to complete steps like E-Consent and importing deposit reference numbers in the LOS interface.

Automate & Blend Partnership

The partnership between Automate and Blend extends beyond simply integrating software program solutions. We know that cultivating relationships and transferring understanding is the key to your success. Automate works with Blend to grant lending establishments a turnkey solution that includes a specialist services engagement with ample time to get the solution up and running—including reporting on what loan officers have in their pipeline.

Meet the Blend Bots Available in The Automate Bot Store

Another impressive way to extend the ROI of loan processing automation is with the Automate Bot Store. The Bot Store affords pre-built bots that interpret and execute duties for users, permitting them to get up and strolling shortly with their automation tasks with no code. We have several Blend-specific bots in addition to hundreds of free connector bots for automating frequent duties involving the whole lot from Microsoft applications, FTP, and more.

Integrating Blend to Mortgage Cadence or MortgageBot

Through an API and GUI automation, this answer bot gathers and downloads the personal loan software information and more documentation from Blend and then creates the loan into Mortgage Cadence or MortgageBot.

Application Archival in Blend

Managing and keeping an accurate pipeline is a critical part of loan origination. This solution bot eliminates the want users to log into Blend and manually archive loans in their pipeline, removing one greater guide task from the loan origination process.

Blend Document Retrieval

This free bot retrieves applications without delay from Blend and then uses the facts to download documents associated with each software such as Fannie Mae docs, compliance reports, HDMA reports, financial institution statements, and more.

If you’re ready to take the next step on your digital journey, get in touch. We’ll develop a strategy that will turn your dreams into a reality.