Electronic Mortgage Recording Requirements:
- Produce and upload multiple, specifically-formatted transaction files DAILY
- Download, parse, & review up to 70 transaction-specific error/verification reports DAILY
- Download, parse, review & action several reconciliation reports MONTHLY
- Complete a BIENNIAL Review process
- Complete an ANNUAL Audit process
- Correct loan registration/transfer discrepancies
- Ensure data provided is accurately maintained for the life of the loan
Impact to your time, resources and profitability:
The benefits of recording mortgages electronically are substantial, but these additional responsibilities are not generating
revenue for you. The above requirements are a cost of doing business, and consuming valuable operations, technology, finance
and legal resources.
Now more than ever, lenders are operating as lean as possible and positioning for growth. With growth, post-closing resources
can be pushed to their limits, making the fulfillment of mortgage recording requirements even more challenging. These growing
pains can add significant strain and stress on your associates unnecessarily.
With SARA MAE, you can be confident that we are automating the processing and identifying just the relevant items that need to
be addressed on a daily basis. We are eliminating the guess work, detailing an efficient workflow and providing transparency
about your servicing pipeline — all with minimal resources required. The end result is a much more manageable workload
with a solution that is well-equipped to handle your company's anticipated growth without disruption.