The company’s automated post-closing platform-based solution
recognized for accurate, time-saving technology
Sourcepoint, a leading provider of products and services to the U.S. mortgage industry, is proud to announce it has been named a 2021 HW Tech100 Mortgage winner by HousingWire magazine for its post-closing solution. The award recognizes the most innovative technology companies serving the mortgage and real estate industries.
HousingWire magazine noted that, due largely to soaring demand, today’s lenders have never faced greater challenges in their post-closing processes, resulting in backlogs, held-back funds, increased repurchase risks and reputational risk. The magazine pointed out that Sourcepoint’s technology has given lenders valuable relief from these pressures by streamlining post-closing functions, saving precious time and resources during one of the most challenging years the mortgage industry has ever experienced.
In the past year alone, Sourcepoint’s post-closing platform-based solution processed 80,000 loans with 97 percent accuracy while improving efficiency, reducing expenses and enhancing liquidity. At the same time, the solution processes 98 percent of all loan documents within the targeted service level of two days.
“Being recognized as a HW Tech100 Mortgage Award winner is a testament to our team of brilliant minds who fully understand the mortgage business,” said Steven Schachter, Executive Vice President and Head of Mortgage at Sourcepoint. “It’s also symbolic of our agility and creativity in the face of adversity, as we overcame many challenges during the pandemic to emerge stronger and more resilient than ever.”
Sourcepoint is a premier provider of expertly crafted products and services to the US mortgage industry. Our technology-based solutions help mortgage companies transform into digital-first organizations, improving agility, accelerating cycle times, and elevating borrower experience. Backed by right-shore delivery capabilities and the most comprehensive set of state licenses, our team of professionals delivers deep domain expertise across the mortgage lifecycle. Our Platform-based Services solutions underpinned by next-gen technologies such as Artificial Intelligence (AI), Robotic Process Automation (RPA) and Natural Language Processing (NLP), act as the building blocks for reengineering processes, automating workflows and deploying advanced analytics.
For more than 25 years, Sourcepoint has partnered with leading mortgage companies throughout the US, including most top 20 lenders and servicers, helping them sharpen their competitive edge.