Lender Using Mobile App To Streamline Mortgage Processing

Posted by Orb Staff on May 16, 2013 No Comments
Categories : Residential Mortgage

CashCall has selected the Kofax Mobile Capture for Mortgage mobile app to streamline and automate mortgage loan processing functions, such as capturing original and trailing mortgage documents. The lender will also use Kofax Transformation Modules to automatically classify, separate, extract and validate the content in those documents.

‘CashCall needed a next-generation mobile solution to transform and streamline our mortgage loan process, and at the same time deliver a positive customer experience,’ says J. Paul Reddam, president and CEO of CashCall. ‘By partnering with Kofax, we developed an innovative solution designed for the mobile-minded customer with a focus on enhancing the customer value, with faster turnaround.’

By using mobile devices, CashCall's mortgage customers can quickly and easily submit documents such as paycheck stubs, W-2s, driver licenses, investment account statements and tax returns directly into the loan process, which allows the lender to more rapidly service, approve and close loans.

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