30-Yr. Fixed Conforming. Updated hourly during market hours.
Single family homes on the market. Updated weekly.Powered by Altos Research
Market yield on U.S. treasury securities at 10-year constant maturity. Updated daily.Data sourced from FRED
Awards

2020 HW Tech100 Mortgage winner: Mphasis Digital Risk

Maintaining risk management and compliance in document management

Mphasis Digital Risk’s Luminate is a fully automated mortgage document processing platform which uses ADR, OCR and RPA technology to enhance customer experience and improvement in cycle times, all while maintaining risk management and compliance in document management. Luminate helps to expedite and simplify the mortgage document review process by streamlining and automating conversion, document standardization and password stripping in pre-processing. The platform can be integrated anywhere in the loan lifecycle (inline or post-close) and can learn over time to increase the accuracy of all outputs.

  • 90% improvement in document indexing turn times
  • Up to 80% elimination in checklist driven workflow activities
  • 50% to 90% reduction in human costs for data capture

https://digitalrisk.mphasis.com

Most Popular Articles

Latest Articles

Test

The story for the housing market over the past three years has been, “Home sales are down, home prices are up.” Because inventory was so restricted after the pandemic, prices pushed higher even as demand weakened. That story may finally be inverting as unsold inventory of homes is now great enough that home prices are […]