The KBYO Webinar on mortgage file automation is geared towards helping mortgage originators meet the new requirements of KBYO and the Home Mortgage Disclosure Act to still accommodate borrowers who are more comfortable with paper-based documents.
As of the delayed October 3, 2015 deadline, mortgage originators are required to change their standard document sets used for loan closings to include new forms intended to simplify loan details to the borrower. Couple these new forms with recently imposed disclosure requirements from the Home Mortgage Disclosure Act and originators are working under a different set of disclosure rules and processes.
Most lenders have defined processes that are hard-wired to their current document structures. Many in the industry have predicted that the compliance rules and Know Before You Owe (KBYE) will induce more eMortgage applications, yet the bulk of mortgage portfolios will still involve paper-based documents.
This webinar will discuss a hybrid approach that has been adopted by some progressive lenders already preparing for the October 1st Home Mortgage Disclosure Act deadline. Specifically, those that bring all of your paper processes into a digital environment.
- See real world examples of lenders that have point of origin document capture throughout the process, whether the documents come from paper, fax, email or the Internet.
- Learn from customers have transformed their origination through closing workflows to ensure more accurate data entry, more accessible documents and portfolios, and lower transaction costs.
- Learn the most efficient way to become compliant by September while experiencing improved productivity, a shorter loan cycle and increased ROI