If you haven’t had a chance to visit HousingWire recently, you might want to take a look.
The mortgage industry’s top publication wrote a feature on our ability to deliver true touchless automation through automated mortgage loan processing to improve profitability. It also shares some history on the company and where we’re headed next.
Here’s a quick preview of the story:
Is the mortgage industry headed towards real-time loan processing? If SoftWorks AI has its way, the answer would be a resounding yes.
With increasing compliance costs and more intense competition in the marketplace, mortgage lenders are feeling the pressure to minimize their loan processing costs to ensure growth and profitability. As a result, lenders are recognizing the need to fully automate their business, in order to significantly reduce the manual work and expense of processing and approving a loan.
In addition to reducing mortgage processing expenses, lenders need to compete successfully in a very time-sensitive environment. As the popularity of programs like Quicken’s Rocket Mortgage increases, lenders are increasingly compelled to process mortgages faster than ever before. This, in turn, is challenging the industry to look at more innovative ways to automate their business, so they can compete in today’s environment.
SoftWorks AI, a leader in artificial intelligence and machine learning solutions, is not the first business to attempt solving this problem. But according to founder and CEO Dr. Ari Gross, it aims to be the only touchless automation solution on the market. If Gross is successful in his mission, lenders will have the ability to process loan applications in real-time.
You can read more of HousingWire’s story here. Looking to learn more about us? Solutions architect Eitan Agai will provide MBA Tech attendees with a sneak peek of the module on March 25 at 11:45 a.m. The demo will show how Trapeze can help automate various underwriting tasks for cash flow analysis.