In the cycle of lenders building mortgage lending operations, the industry has been six months away from adopting an e-mortgage process-for the last eight years, notes Monte Larson, chief marketing officer, DocuTech Corp., Idaho Falls, ID. E-mortgage, which roughly means adding automation and cutting back on paper-based processes, would add efficiency and allow for easier application verification and faster approvals. "The timeline is a little industry joke," Larson admits. "But it doesn't mean we aren't making progress, chipping away at inefficiencies."
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