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3 Essential Features of a Strong Doc Prep Provider

Documentation is an essential part of mortgage lending - here's what credit unions should look out for in a provider.

By Shannon Barrow | Updated on September 22, 2017

As all mortgage lenders know, behind every transaction is a pile of documents. Documentation is an essential part of mortgage lending, as it facilitates how the entire transaction is completed and validated, and serves as an important record of the transaction history throughout the lifespan of the loan.

Generating and maintaining the proper documentation while ensuring compliance and operational efficiency is a fundamental challenge. Luckily, today’s mortgage document technology is streamlining this process and providing credit union lenders with the key business benefits they seek. There are many document technology options out there, but not all are created equal. For the most success, credit unions should select a partner that can not only deliver the technology capabilities necessary to streamline the lending process, but also deliver the service and expertise that is essential to a smooth implementation and ongoing optimization of the process.

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