HPA’s RPA-as-a-Service enables lenders to reduce risk and automate 85% of the loan cycle process.
HPA is proud to announce we are a preferred vendor of the Lenders One Summit, and we look forward to meeting and supporting their mortgage lender members at next week’s Annual Summit.
Ash Omar, account manager at HPA, and Nolan Johnson, sales engineer at HPA, joined Eric Kujala, senior manager of product marketing at ICE Mortgage Technology, on a recent webinar to discuss how change management is impacting lender automation initiatives.
Founded in 1960, Guild Mortgage has grown from a single office to become one of the largest and most trusted independent mortgage lenders in the United States. In 2019, the company set a record total loan volume of $21.71 billion, up 32.3% from 2018. Servicing also grew to $49.43 billion for the year. Guild services more than 237,000 loans and has correspondent banking relationships with credit unions and community banks in 43 states and services loans in 47 states. The lender credits its astonishing growth on its experienced people, entrepreneurial culture, focus on creativity and innovation, and commitment to customer service.
Origination costs have been on the rise over the last few years. According to the Mortgage Bankers Association, the combination of increasing regulations and manual efforts to ensure compliance has resulted in U.S. mortgage origination costs that are three times higher than they were a decade ago. RPA can dramatically reduce the need for human intervention in loan processing so that employees can focus more on thought work or interfacing with customers.
In this podcast, hear from Eric Kujala, Product Marketing Director, ICE Mortgage Technology, and Nolan Johnson, Sales Engineer at HPA, as they discuss how the mortgage industry is harnessing the power of robotic process automation (RPA) and Artificial Intelligence (AI) today and the key things to consider when evaluating RPA for your business. Ellie Mae Open House PodcastGet peace of mind in the unknown with RPA and AI.Listen now!More of a reader than a listener? Check out a summary of the podcast below, minus all of Nolan’s antics. What is RPA? RPA is simply training robots on how to perform …
Welcome back to part 2 of our series Ask a Mortgage Process Automation Expert, where our resident mortgage industry experts share their insights into how lenders can be successful with RPA.
For Wyndham Capital Mortgage, creating an exceptional borrower experience has always been a top priority. When the national lender began using robotic process automation (RPA) in 2018, meeting this goal became a lot easier. HPA sat down with Trip Jendron, SVP of Origination Initiatives and Strategy, to learn more about how automation has helped Wyndham deliver a top-notch borrower experience. “Automation helps us close loans as quickly as possible and create an amazing, convenient experience for borrowers. We aim to offer 5-star service to each borrower, every time – with no exceptions. HPA’s contribution has helped not only with efficiency …
In Part 1 of our Ask a Mortgage Automation Expert series, we explore what’s happening in the industry to drive an increase in RPA adoption amongst mortgage lenders.
- Page 1 of 2