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Document Imaging.(mortgage services moving to e-commerce)(Brief article)
There's a lot of talk about a future in which "paperless mortgage" will not be a contradiction in terms. But today, a typical mortgage loan file can still contain as many as 250 pages of paper. When people crate around boxes of mortgage files, each large box may contain fewer than a dozen files.
So it's no wonder that lenders have embraced imaging technology to convert paper documents into electronic files. The mortgage industry is ripe for the move to electronic commerce, and many lenders and technology providers have already moved far in this direction. Why is conversion of paper to images and digital documents important? Because with all the paper shuffling in the mortgage space, there's lots of room to save money and create more efficient workflow by relying on electronic documents rather than old-fashioned paperwork.
There is no government mandate that the mortgage industry go paperless or image documents that do exist. But already there is considerable momentum building in favor of electronic commerce. The ...
- Ginnie Puts Bet On E-Commerce.(electronic commerce)(Brief Article)
- Magazine article from: Mortgage Servicing News September 1, 2005 700+ words
...Ginnie Mae is in the process of significantly enhancing its electronic commerce capabilities, a senior Ginnie Mae executive told attendees...rather than the 15th calendar day. (c) 2005 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved. http...
- Irwin Unloads $19B of MSRs.(Irwin Mortgage)(Mortgage Servicing...
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...portfolio, investment banking sources have told Mortgage Servicing News. The sale was made public in early October but the parties...effectively within another organization." (c) 2006 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved. http...
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- Magazine article from: Mortgage Servicing News February 1, 2005 700+ words
...bulk" market for residential servicing rights is finally showing some signs of life. But will it last? As Mortgage Servicing News went to press, General Electric had finally unloaded the last chunk of its residential servicing portfolio, selling about...
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- Magazine article from: Mortgage Servicing News Garritano, Anthony December 1, 2006 700+ words
...In total, the county generates 320,000 documents a year and e-records 121,600," he said. (c) 2006 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved. http://www.mortgageservicingnews.com http://www.sourcemedia...
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- Magazine article from: Australian Banking & Finance Tuttle, Patrick April 30, 2002 700+ words
OUTSOURCING SUPPORT FOR THE processing of mortgages has become one of the most important management decisions faced by Australian lending institutions. Driving the growing mortgage servicing sector are two major pillars which underpin the success of all lending institutions: customer relationships
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Byline: Amilda Dymi One of the most tangible lessons the industry and borrowers appear to have learned from the foreclosure crisis is that counseling is a symbiotic partner to mortgage finance. Demand is energizing the marketplace. Government programs and nonprofits no longer are the main customer
- Electronic Commerce: A Guide for Public Officials.
- Magazine article from: Government Finance Review Gill, Navdeep October 1, 1998 700+ words
...North Carolina. The advent of electronic commerce has changed the way that a government...that these technologies promise. Electronic Commerce: A Guide for Public Officials is...governments can effectively use electronic commerce to streamline operations and improve...
- Rockwell Electronic Commerce Online Knowledgebase Extends Collective Expertise...
- Press release article from: PR Newswire February 10, 2000 700+ words
...Based Assets to Rockwell Electronic Commerce Stakeholders WOOD DALE...PRNewswire/ -- Rockwell Electronic Commerce, the leading provider...service will allow Rockwell Electronic Commerce, its customers and its...
- Electronic Commerce and the APEC.
- Magazine article from: Business America January 1, 1998 700+ words
...in the Bogor objectives. Electronic commerce issues, including the development and expansion of electronic commerce applications and services...foundation and substance of electronic commerce. APEC leaders gathered in...
- Transaction taxes and electronic commerce: designing state taxes that work in...
- Magazine article from: National Tax Journal Hellerstein, Walter September 1, 1997 700+ words
...spawned by state transaction taxes on electronic commerce, and the daunting challenges that...addressed to state taxation of electronic commerce reflects this consensus,(1...by state transaction taxation of electronic commerce. It then attempts to translate...
Source: HighBeam Research, Document Imaging.(mortgage services moving to e-commerce)(Brief...