Wholesale mortgage lender juggle hundreds of documents from a variety of independent brokers and loan officers to get them ready for the underwriting and processing. Keeping loan production costs and turnaround times low is challenging when mortgage documents have to be passed between various third-parties. Loan quality and compliance are also at greater risk because of the process of dealing with multiple third-parties is fraught with opportunities for inaccuracies and inconsistencies.
XDOC helps wholesale mortgage lenders get a handle on loan document management to deliver a better customer experience while reducing loan production costs, turn times, and ensuring accuracy and compliance.
XDOC helps wholesale lenders:
- Classify documents using optical character recognition (OCR) 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.
- Drag and drop assigning of multiple documents at the same time
- Utilize our full set of APIs to enable broker portals for direct insertion of documents
- Complete annotation support including highlights, text, stamps, etc.
- Define loan bundling rules and bundle hundreds of loans for investor delivery with the click of a button
Security & protection are in our DNA.
XDOC is a huge time saver. It gives a lot of flexibility with
how we do business.
-Bill Burke, Senior V.P. | Starkey Mortgage
Compare XDOC to other providers.
When it comes to lending automation, it's important to compare apples to apples.