5 ways to ensure accuracy in mortgage loan processing

Mortgage loan processing is a demanding task. Underwriters regularly sift through piles of borrower details, property records and tax forms to validate data across multiple forms and applications – all of which can be repetitive, tedious and time-consuming. The volume of manual work and information can be a huge pain point for underwriters. It can lead to ‘stare-and-compare’ fatigue, diminishing accuracy, and increasing the likelihood of costly human errors.

Lenders should prioritize simplifying data validation and verification processes, reducing the risk associated with stare-and-compare work, and confirming validity at every step.