A new LoanLogics technical brief takes a deep dive into the digital labor shift that has occurred within the nation, and more importantly, within the mortgage industry. The brief explains that automated and virtual ways of doing business will enable lenders to speed up the loan origination process, control staff costs and maintain compliance.
"Understanding where processes can be changed or eliminated goes a long way in realizing the full value of technology and is crucial to its return on investment," according to the report. "Mapping this out ahead of time can help to establish organizational trust and acceptance of automation as a key component of success. Where human work can be repurposed into higher-value tasks can also increase job satisfaction."