Tapping into the Power of Technology to Simplify the Mortgage Process
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Overview: This article discusses how document imaging, electronic workflow, and other related technologies can be used to expedite routine business processes, helping workers to be more efficient, and revolutionizing services for customers. The role of digital imaging and electronic workflow are explained, showing how they can be deployed to accelerate the lending process, decrease costs in offering loans, and improve data accuracy and employee productivity, making the lending process easier for lenders and for borrowers. Compliance with federal and state regulations, records retention, and disaster recovery are also discussed.