Kofax® Mortgage Agility™ is a smart process application that radically transforms and simplifies the First Mile™ of the mortgage application process. The solution revolutionizes the antiquated, paper-laden, traditional mortgage process by actively engaging borrowers and lenders, enabling them to become collaborative stakeholders in a more effective, accurate and transparent process.
Delivering the next generation of mortgage processing, Mortgage Agility provides lenders with the ability to close more loans faster—and with greater efficiency. The solution enables mobile technology that pushes capture and collaboration capabilities to the web and mobile devices, enhancing both responsiveness and the customer experience. It also brings borrowers into the process unlike ever before, creating newfound value for both parties.
Mortgage Agility offers mortgage-specific business rules, best practices, standard and consistent calculations on an integrated platform. From prequalification to application, Mortgage Agility integrates multichannel capture, workflow, mobile capabilities, embedded analytics and data integration to provide customers with an improved experience.
The First Mile of Mortgage
A disproportionate amount of resources is dedicated to the beginning of the home loan process. Loan officers, loan partners and processors are all trying to get a clean loan file to the underwriters as quickly and efficiently as possible. This upfront, volatile, borrower engagement part of the process is what we call the First Mile of mortgage. This is where all the process savings and productivity opportunities are, and where all the difference can be made with your borrowers.
With the Mortgage Agility solution, lenders are finally able to turn the tides on this increasingly hostile operating environment and simplify the First Mile of the mortgage application process.