Paper-driven processes continue to be a bottleneck throughout the entire mortgage loan process. Break away from traditional solutions that promise to help you go paperless, but don’t deliver. Take advantage of LoanDepot, a comprehensive, service-based approach to loan processing and collaboration.
LoanDepot is a comprehensive service provided by Archive Systems that manages content throughout the entire loan lifecycle. This breakthrough service enables content from diverse platforms to be stored, accessed and shared in a single online repository. LoanDepot easily supports the wide range of people, organizations, and locations required for processing mortgage loans. Other “assemble your own” alternatives based on imaging systems are design for a closed group of users within the same organization. These costly alternatives also leave organizations with the labor-intensive elements of scanning and keying.
With its flexible document capture options, on-demand imaging and workflow-enabled process automation, LoanDepot supports loan origination, underwriting, post closing, auditing, and servicing functions. It also allows for the secure electronic transfer of loan files between brokers, lenders, investors and servicers.
This comprehensive Software-as-a-Service solution handles:
Document Receipt: Documents can be sent directly from third parties to a PO Box managed by Archive Systems, or captured remotely.
Document Imaging and Data Capture: Documents are scanned, indexed and stored in a centralized repository.
Web-based Image Hosting: With ASPEN 360, you'll have 24x7 access to your information from anywhere in the world.
Workflow Automation and Management: Documents can be routed electronically to the appropriate department or person based on your business rules.
Reporting: Custom reports can be created, such as analytical reports that track mortgage applications, user metrics, and more.
