“What’s All the Imaging Buzz About”

1. “What’s All the Imaging Buzz About” A Mortgage Technology Panel

2. “What’s All the Imaging Buzz About” MISMO – Statements on e-Mortgage Today’s origination process usually involves the electronic generation of loan documents, which are then printed on paper for borrowers to sign. The paper documents are then manually shipped back, typically imaged, indexed, stored in electronic document repositories, and exchanged after origination. The data that is exchanged electronically must be certified against the data on the paper documents. Thus, while imaging can provide significant benefits, manual processes and physical shipping are still required. MISMO – eMortgage Guide – Sept. 2005 – Executive Summary • Is this what your organization is doing today? • Electronic generation of loan documents • [Docs] Imaged, indexed and stored in electronic document repositories • Exchanged [electronically] after origination

3. On the Way to e-Mortgages XML e-mail Scanner Paper Fax

4. “What’s All the Imaging Buzz About” MISMO – Statements on e-Mortgage The eMortgage framework and standards take these processes to the next level, into a fully paperless environment. eMortgage documents are generated, transferred, signed, sealed, registered, and stored electronically, eliminating the need for printing, imaging, shipping, couriers, data re-entry, manual data certification, and other costly steps of today’s mortgage processes. The data in these electronic documents can be verified and trusted, because the documents are digitally signed to reveal any tampering. MISMO – eMortgage Guide – Sept. 2005 – Executive Summary • Is your organization ready to do this next year? • Fully paperless environment • Generated, transferred, signed, sealed, registered, & stored electronically • Eliminating printing, imaging, shipping, couriers, data re-entry…..

5. On the Way to e-Mortgages

6. “What’s All the Imaging Buzz About” What is Imaging? • Imaging – Storage and Retrieval of Paper Documents • Capturing Documents – All Sources – Paper, Fax, e-mail, Web, XML • Automatic Cataloging – Bar Code and Forms Recognition • Workflow – Routing to people and departments based on rules that analyze data • Viewing – Display all forms of documents legibly – Split screen – Two Monitors • Annotating Documents – Sticky Notes, Redaction, Highlights • Distribution – Print, Fax, e-mail, Internet • Security, Compliance, Retention, Auditing …….Document Management

7. On the Way to e-Mortgages

8. “What’s All the Imaging Buzz About” Where is this Technology Valuable and Available?

9. “What’s All the Imaging Buzz About” Industry Trends • What are mortgage professionals asking for? • What are the vendors providing?

10. “What’s All the Imaging Buzz About” Challenges Regarding Adoption of Technology • Consumer Acceptance • Industry Acceptance • Lenders • Non-Lenders • Warehouse Lenders • Investors • Rating Agencies • Country Recorders • Settlement Agents • Costs to Implement • Cost of technology • Cost to train employees and acceptance of new process

11. “What’s All the Imaging Buzz About” Benefits • Competitive Advantage • Solutions • Business Process Management and Workflow • Control over Costs and Performance • Return on Investment

12. “What’s All the Imaging Buzz About” Questions?

13. “What’s All the Imaging Buzz About” Thank You • Bob Stellick Stellent www.stellent.com • Ed Figueroa Kofax www.kofax.com • Dave Williamson Lending Logix www.lending-logix.com • Mark Swift Mortgage Cadence www.mortgagecadence.com • Anne Beckett Thornburg Mortgage www.thornburgmortgage.com