As the mortgage industry continues to come online, digital verification is all the rage. Application information pulled directly from the consumer's financial data source promises higher-quality loans, and offers lenders an opportunity to automate time consuming manual aspects of their processing flow.
It's not just hype — digital verification is already generating results. Our customers have seen significant improvements in loan quality and reductions in origination and closing time frames. They're able to close more good loans, in less time than it used to take when nearly every step was manual. That in turn translates to a better overall experience for their customers, who get faster decisions and the kind of simple, all-digital process that modern consumers expect in their transactions