How Can Property Data Influence Processes to Simplify Mortgage Loan Origination?

Modernization can be boiled down to an equation. The more data and automation available to improve the overall mortgage origination process, the more the overall cost to originate the loan goes down.In fact, one of the industry’s largest organizations, the Mortgage Industry Standards Maintenance Organization (MISMO), is working steadily to streamline the mortgage origination process by replacing paper forms with digital processes.In this episode, host Maiclaire Bolton Smith sits down with Sage Nichols, an executive for client success at CoreLogic, to talk about how standards, best practices and property data can pave the way for modernizing the mortgage industry.In This Episode:0:45 –Why is digitizing data the No. 1 priority for customers?1:50 – How do standards around property data contribute to affordability? High cost to originate2:55 – What are the challenges surrounding the adoption of these standards?5:34 – The Natural Disaster Digest with Erika Stanley6:32 – How is MISMO blazing the path to simplify the mortgage closing process (hint: e-closings are important)9:09 – How exactly does accurate and reliable property data reduce the likelihood of fraud?10:33 – What’s next for MISMO?Up Next: Appraising PropTech Innovation: Do Short-Term Changes Have Long-Term Effects?Find full episodes with all our guests in our podcast archive here: https://clgx.co/3zqhBZt