Posted To: Pipeline Press
The average residential loan file has 367,000 documents - and each one must be verified by the underwriter. Okay, just kidding. But every Boeing 737 (like Southwest flies) has 367k parts. Boeing’s assembly line moves at 2 inches per minute, and a plane takes 9 days from start to finish to assemble. If only processing a loan was that efficient…perhaps it can be! Upcoming Events and Training The revised HMDA reporting rule is upon us and hopefully your company has implementation projects well underway. There is a lot of consider and plan for across your business policies, processes, system and organization while ensuring your data is complete and of the highest quality for reporting. Please join Newbold Advisors, LLC and Gooi Mortgage for a free one hour webinar on Wednesday, April...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/2nLNsQd
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