The lending industry is going through a big change because of new technologies, changing consumer habits, and changing rules and regulations. Lenders need to change and come up with new ideas all the time to stay competitive. They should streamline their processes and make the borrower experience better. The Loan Origination System (LOS) from MyTM […]
The Four Steps of the Loan Origination Process
Lenders offering mortgage loans have to engage in different processes, from loan approval to disbursal of funds. A lender cannot approve a mortgage loan request without analysis and has to ensure that the borrower will return the mortgage loan timely. If lenders start handing out mortgage loans blindly, they will be vulnerable to loan default. […]