Peoples Processing Peoples Processing
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Peoples Processing is an end-to-end mortgage processing company, providing processing support across originations as well as servicing. We also offer end-to-end mortgage servicing support to streamline servicing & default operations, while ensuring compliance.
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Is FHA Home Loan a Good Option for Me?
FHA, which stands for the Federal Housing Administration, is a United States government agency which insures home loans for FHA approved lenders.
One of the best tips for buying a house is to fully understand all the financing options that are available to them. As a buyer is trying to determine which type of mortgage is the best, they must weigh the PROs and CONs of each option. Continue reading... -
How to Know Your Loan Processor Is the Right One for You?
A mortgage loan processor is the link between a borrower, loan officer and the underwriter in the context of a residential mortgage. And he or she is arguably the most important member of the team.
The National Association of Mortgage Processors says, “The primary function of the Loan Processor is to ensure the timely and accurate packaging of all loans originated by loan officers.” So it’s mostly an administrative role. Continue reading... -
What to Look for in a Mortgage Processing Partner
In today’s ever-evolving, competitive market, mortgage lenders face a host of challenges like meeting borrower expectations, improving closing ratios, reducing the cost of origination, and most importantly keep growing. One of the best ways for lenders then is to tie up with reliable mortgage processing partners who can do the heavy lifting for them, and allow them to focus on the market expansion. Continue reading...
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As a Lender, Why Should You Be Bothered about Vendor Management
Outsourcing is a very common practice in the finance industry. Since the 1970s, banks and other businesses have been outsourcing several functions including clerical, record storage, accounting, data processing, security and plant maintenance. The mortgage industry too followed suit soon. What fuelled the growth of outsourcing is the fact that outsourcers could do the work at a fraction of the cost of what companies spent to maintain themselves. Continue reading...
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8 Benefits of Hiring a Mortgage Loan Processing Company
The mortgage industry has been evolving since the past few years amidst a lot of regulations. In the US, today, a median borrower puts 5% down payment for their home purchase, as compared to 20% about a decade ago. This aspect, paired with price wars, new CFBP regulations, and other accompanying challenges, has resulted in many mortgage lenders looking positively towards outsourcing services as an option. Mortgage loan processing companies, who specialize in offering these outsourced services are able to cut down costs and improve productivity. Continue reading...
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How AI & RPA Can Help Lenders Process Mortgage Applications Faster
The mortgage processing industry is a complex ecosystem that has a highly regulated environment and the need for a delicate balance between modernization, cost, and risk. Processing larger mortgage volumes is an element that requires more efficient services on part of lenders and processors.
Processing Higher Mortgage Volumes
At a time when more millennials are pursuing homeownership than ever before, the volumes of mortgages are bound to go up. Over the past few years, it has been observed that as millennials age and grow in their careers, they are acquiring more purchasing power, are shopping for mortgages online, and entering the market well prepared. Continue reading...