Transform your mortgage post-closing process
Declining mortgage origination revenue is driving operational cost reductions and third-party outsourcing
Challenge
US mortgage originators are experiencing reduced loan volumes and less revenue due to higher interest rates and intense competition. The Mortgage Bankers Association reported that independent mortgage banks and mortgage subsidiaries of chartered banks lost $1,972 on each loan they originated in the first quarter of 2023. Losses, along with an intensifying regulatory environment, an emerging hybrid workforce, and pressure to reduce operational costs, are leading companies to outsource their physical footprint and find automated solutions to streamline and digitize processes.
Managed services solution
Accelerate outsourcing of a cost-effective and automated mortgage post-close process
Remain compliant and maintain collateral security with our end-to-end mortgage post-closing managed service offering. Made up of expertly trained teams, digital mortgage accelerator processes, and an intelligent softwareas- a-service (SaaS) technology platform called Iron Mountain InSight®, this bundled offering gives you the opportunity to:
- Reduce and scale opex costs in line with revenue streams
- Improve loan quality and delivery timelines to investors
- Unlock valuable knowledge from your data for new revenue-generating activity
- Maintain investor and regulatory compliance by driving quality