Correspondent mortgage lenders must maintain and grow profit margins, which means they have to close more loans faster. XDOC helps correspondent lenders increase profit by simplifying the document management process to speed up loan production and prevent loan buybacks.
With XDOC, correspondent lenders can:
- Reduce operational costs with customized workflows
- Drag and drop assigning of multiple documents at the same time
- Classify documents using OCR (optical character recognition) technology to speed the onboarding of loans. XDOC automatically recognizes, names and indexes thousands of pages per minute and has an extensive library of common mortgage documents.
- Define loan bundling rules and bundle hundreds of loans for delivery with a click of a button
Compare XDOC to other providers.
When it comes to lending automation, it's important to compare apples to apples.