ICE Mortgage Technology Open House

Demystifying automated underwriting: Experts reveal the facts from fiction

August 15, 2023 ICE Mortgage Technology Season 1 Episode 36
ICE Mortgage Technology Open House
Demystifying automated underwriting: Experts reveal the facts from fiction
Show Notes

The underwriting process is notorious for being complex and time-consuming, with more than 2,500 data fields and 300 pages of content needing to be reviewed on any given loan. Leveraging mortgage automation can go a long way to reduce the manual work, however, there are several misconceptions surrounding the use of automation. Join Michael Hammond, President and Founder of NexLevel Advisors LLC, as he talks with Suzy Lindblom, Chief Operating Officer at Arc Home LLC, and Kim Hoffman, Head of Mortgage Operations at SoFi, about how they are leveraging automation in their underwriting workflows. Hear these industry experts share the truth on how to effectively maximize its benefits, including where to start, what to prioritize and how to gain buy-in with your team.