“Objectivity is a crucial aspect of the underwriting process, and the more that the industry can utilize straight-through processing in this area, the better it is for everyone. Data-driven decisions really don’t require human intervention, particularly when that data is securely obtained directly from the source. Lenders that are deploying AccountChek for automated asset verification are already seeing the potential benefits of straight-through processing in their organizations via increased LO productivity, happier borrowers and more accurate analyses of borrowers’ ability to repay, and there are other major market players that are catching on to this idea as well.” Contact Chris Martin to learn more.
Read this commentary as it originally appeared in Rob Chrisman’s influential mortgage news and commentary blog.
