As lenders process loans, the role of an underwriter is critical. All of us know that underwriting usually consumes a lot of time and costs and usually goes through multiple iterations. If a lender can bring in improvements during the pre-underwriting stage, then this can have a large impact on the productivity of underwriters.

At the pre-underwriting stage, teams need to manage a lot of paperwork, including document verification, stacking and indexing the loan papers received, preparing and sending the initial mortgage disclosures to the borrower, etc. This can get very cumbersome for in-house teams. Continue reading...