Lenders Outsourcing Processing To Manage Risk

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When regulators tell bankers in public forums that they are concerned with loan-management processes, it typically means they will be looking more closely at these issues in upcoming reviews and audits.Lenders of all types, but mortgage banks in particular, know that they are expected to have a complete understanding and total management oversight of there mortgage processing system. Inet-Loan Processing provides this operational insight at low initial and ongoing costs.Enhanced data tracking and reporting capabilities allow managers better visi-bility into all components of of loan processing, simplifying a job that was labor-intensive in the past.Management of residential and commercial loan processing is simply too complex and too central to risk management to perform via paper files and e-mail. Mortgage bankers who persist on using outmoded technology are taking a risky approach. Mortgage bankers can prepare themselves for regulatory scrutiny by evaluating if they are using the correct management processing technology for the tasks at hand today. When they do, they are likely to find that Inet-Loan Processing is one of the best resources available for getting the job done.

 

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