"Traditionally, conditioning has been a manual and inconsistent process that requires underwriters and processors to review documents, interpret guidelines and enter conditions manually into loan origination systems, such as ICE Mortgage Technologys Encompass. The new feature builds on existing functionality in Ocrolus Inspect, helping lenders accelerate clear-to-close conditgions, reduce human error and create a faster, more predictable borrower experience."
"Automated conditioning eliminates one of the biggest bottlenecks in mortgage origination, said Nadia Aziz, general manager of mortgage at Ocrolus. By applying AI to one of the most complex parts of mortgage underwriting, we're helping lenders move from reactive checklists to proactive intelligence ensuring every loan is reviewed faster, more consistently, and with greater confidence. It's a leap forward for lenders and a better experience for borrowers."
Ocrolus has automated identification and management of mortgage underwriting conditions across asset, income and credit categories, and displays the origin and rationale for each condition. The feature builds on Ocrolus Inspect to accelerate clear-to-close processing, reduce human error, and create a faster, more predictable borrower experience. Lenders can edit, waive, or mark conditions with full visibility and control and customize condition templates to match internal processes. The product integrates with ICE Mortgage Technology's Encompass to import conditions and document placeholders directly. Future phases will add lender controls, Encompass synchronization, and full-loop automation for end-to-end conditioning.
Read at www.housingwire.com
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