mortgage loan solutions

Originate, close and process loans faster

 

Improve compliance and accuracy

Streamline workflow

Improve customer satisfaction

Easily scale to volume fluctuations

simplifying mortgage paperwork

Simplifying the workflow for mortgage documentation can reduce cost, improve accuracy and speed  the process. You'll lower the processing cost of each mortgage, process a higher volume of mortgages with less labor and increase customer satisfaction and regulatory compliance.

Did you know?

70% of loan processing costs are consumed by manual labor

Average Net Cost to originate a new loan is $6,253.00

Average time to close a loan is 46 days

you can improve every one of these metrics
Mortgage document processing made easy

Processing mortgages quickly and accurately takes organization, skilled employees and unfortunately a lot of paperwork. And during heavy application periods, many institutions need to hire temporary staff       and lengthen approval timelines, which are costly to you and frustrating for customers.

There are two simple options to streamlining mortgage processing.

Automate your in-house process.  With high speed scanners and automated capture software designed for loan processing, you can dramatically speed scanning, document classification and data capture.

Learn more.

Outsource mortgage document scanning. This is a cost effective way to ensure accuracy, speed the process, lower the cost per loan processed, and organize documents.

Learn more.

 

Or, you can use a combination of these services to clear out a backlog, add trained external resources for heavy processing times, whatever makes sense for your business.

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outsourced mortgage document scanning services

Outsourcing immediately increases your capacity without the internal costs of hiring, training, hardware, software and IT support. Reynolds' Conversion Services is fully staffed and equipped to handle large volumes of work quickly and efficiently.

You will see immediate results in reduced cost per loan processed, increased accuracy and visibility into mortgages, and shorter processing times. You will have greater access to information to track mortgage processing, respond to customer and third party inquiries, see what documents are or are not received and processed and with the click of a button access dozens of key metrics. Further, your staff will be freed up to handle higher value tasks.

 

typical outsourced process

Pickup

Reynolds employees pick up your files on whatever schedule you require.

 

Preparation

Reynolds prepares your mortgage loans for scanning.                                                                                

Scanning

Reynolds Mortgage Loan Scanning Services scans your loan files on state-of-the-art, production level document scanners, helping to ensure crisp, clear images. Reynolds scanning services utilize both hardware and software image cleanup, further insuring image quality.

 

Indexing

Reynolds utilizes automated and technician based processes to identify document types and capture loan data.

 

Optical Character Recognition (OCR)

Reynolds employs the latest software technology to automate data capture. 

 

quality Control (QC)

100% quality control is applied to assure that every image is scanned and equally as legible as the original.

Reynolds will work with your in-house team to train them on quality scanning (image capture, indexing and QC'ing) and set up the software to your specs including all integration code so there is a seemless interface with your current systems.

         Hardware

Providing a wide range of document scanning hardware from desktop to ultra-high production scanners, Reynolds experts will determine the optimal mix of devices to fit your worflow, reduce labor costs and improve document quality.

 

Software

Software such as Kofax Mortgage Agility is a smart process application that radically transforms and simplifies the mortgage application process.

 

The solution revolutionizes the antiquated, paper-laden, traditional mortgage process by actively engaging borrowers and lenders, enabling them to become collaborative stakeholders in a more effective, accurate and transparent process.

Click here to learn more about Kofax Mortgage Agility

Click here to learn more about Kofax Mobile Capture for Mortgage

in-house mortgage scanning & processing
 

How Can we Help?

5402 Chestnut Street
Emmaus, PA 18049

10 minutes SW of Allentown, PA

Products & Services

Business Automation

Robotic Process Automation (RPA)

Workflow

Forms

Electronic Content Management (ECM) &

Document Imaging

Laserfiche

Content Management

Process Automation

Platform Services

OpenText/ApplicationXtender

Scan, Store, Retrieve

Automation

Control Information

Custom Solutions

Professional Services, Training, Service & Support

Installation

System Integration

Custom Scripting

Database Management

Data Conversion & Manipulation

Image Format Conversion

Training

Service & Support

Preventative Maintenance

Upgrades

Document Scanning/Capture

Scanning Services For:

Documents

Books and Newspapers

Drawings and Maps

Photographs

Microfilm

Ancillary Imaging Services:

Zonal or Full Text OCR

Image Format Conversions

Indexing and Metadata Creation

Cloud Based Hosting

Electronic Document Processing Services:

Receiving/Collection

Indexing/Metadata Capture and Creation

Quality Control and Image Enhancement

Archival Formatting

In-House Capture Systems:

Scanners

Capture Software

Mobile Document Capture

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