Home >> Headlines >> Home Point, Appian Work to Speed Loan Processing
Print This Post Print This Post

Home Point, Appian Work to Speed Loan Processing

UnderwritingHomepoint announced it has selected the Appian Low-Code Automation Platform. The shift to low-code represents a significant technology transformation for Homepoint, enabling rapid scalability and flexibility to accommodate the needs of partners and customers while maintaining a low-cost structure.

“The ability to evolve technology faster is becoming more important within the operations of every business; things are changing at a rapid pace,” said Phil Shoemaker, President of Originations at Homepoint. “By integrating Appian’s low-code technology, this gives Homepoint a huge advantage over our competition, because it allows us to more directly empower the business to rapidly change workflow and business processes without going through a costly and cumbersome software development process that often delivers only a portion of what the business needs.”

The adoption of low-code technology enables Homepoint to deliver a more refined and seamless loan origination and servicing experience in a variety of ways:

  • Faster loan processing–Drastically reduces processing time from hours to minutes, giving the ability to respond to issues quickly and provide brokers and customers accelerated certainty on applications.
  • Real-time visibility–Provides easy-to-use dashboards and interfaces giving loan officers and processors the ability to monitor processes whenever they want.
  • Improved data integrity and accessibility–Offers reliable applications that decrease human error and allow Homepoint to learn more about customer preferences by analyzing data to help brokers take anticipatory steps to retain their business.

“We are excited to see low-code automation at the forefront of the mortgage industry,” said Mike Beckley, CTO and Founder at Appian. “Low-code development is the future of lending, as companies opt for a simple, seamless digitized solution that maximizes speed and flexibility over big-budget monolithic loan origination systems. The combination of low-code speed and powerful process automation allows fast-growing and forward-thinking companies like Homepoint to not only be competitive but lead in their industries.”

About Author: David Wharton

David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 15 years of experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at David.Wharton@theMReport.com.
x

Check Also

Academy Mortgage Corporation Partners With Homebot Client-For-Life Portal

"Homebot empowers our clients to connect with Academy's Loan Officers about their home financing needs so they can make smart, well-timed decisions about their options," said Jason Klaskin, SVP of Sales Support at Academy Mortgage.

Subscribe to MDaily

MReport is here for you to stay on top of important developments in the mortgage marketplace. To begin receiving each day’s top news, market information, and breaking news updates, absolutely free of cost, simply enter your email address below.