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A digital mortgage experience

For borrowers, it gives a better insight into the mortgaging process with quick turn-around time. It also helps borrowers compare mortgage rates in Canada and decide on a lender that offers the lowest mortgage rates in Toronto or any other city.

Rateguru
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A digital mortgage experience

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  1. A Digital Mortgage Experience A Digital Mortgage Experience

  2. In the past decade, technology has completely transformed the landscape for businesses and consumers alike. PAPERLESS MORTGAGING – A REALITY Today, a technology-enabled environment is a must-have for any organization whether it is a retail marketplace or a team of mortgage brokers. The four crucial reasons that have pushed big players in the Canadian mortgage industry to endorse technological reform are: 2 4 • Customer Experience • Regulatory Compliance • Efficiency • Cycle Time 1 3

  3. It was rightly proclaimed by the mortgage industry way back in the 90s that paperless mortgaging process is the future. As we have finally arrived in that everything seems to be getting digitized, right from Application processing to closing. moment when

  4. Mobile applications and web portals make it more convenient for customers information and upload documents digitally. It also helps avoid situations of important data getting lost or misplaced and users can get all the necessary information including rates offered by some of the best mortgage brokers in Canada. to submit all their DIGITIZING THE APPLICATION PROCESS An online application process for mortgaging or refinancing helps both the lender and the borrower in assembling, communicating, information without any scope for confusion or error. It is also instrumental in providing a quick response in case of any doubts or clarifications. and submitting all

  5. TECHNOLOGY ENABLED DECISION-MAKING PROCESS As consumers, we all appreciate a speedier decision-making process whether we are buying a new house or a car. For lenders it is critical to understand underlying risk application and optimal automation improve their efficiently and respond quickly. Key technologies actually helped landscape that allows a quicker hassle-free response during the mortgaging process are: Automated Rule Engine •It helps digitize all paper documents and recognize any specific document type through software. •Helps estimate the value of any property without having to wait for an inspection. •To compare all the information of the borrower for any specific criteria of qualification for a loan and get instant automated results. the for every through can operations only they Digital Document Manager Automated Valuation Model that create have These tech-based capabilities have dramatically reduced the effort of manually verifying data or documents. For borrowers, it gives a better insight into the mortgaging process with quick turn-around time. It also helps borrowers compare mortgage rates in Canada and decide on a lender that offers the lowest mortgage rates in Toronto or any other city. a

  6. QUICK CLOSURES THROUGH TECHNOLOGY Technology not only makes closures quicker but also creates a process that is absolutely transparent. It eliminates any need for conducting several hours of in-person mortgage closing, and with a robust workflow, you are guaranteed efficiency coupled with regulatory compliance. And most important, clients are more satisfied leading to an increase in pull-through rates and improving the odds of future cross-sell.

  7. RateGuru For Any Query Contact us:- Website: https://rateguru.mortgage/ Mail ID: info@rateguru.mortgage

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