The company says its offering dramatically slashes completion time for mortgage applications
.jpg)
RealKey has introduced its mortgage and real estate automation software that aims to improve the speed and accuracy of the mortgage process.
RealKey said its software offers a single application that allows all process participants to connect in real time and have one single application that can be accepted by any mortgage lender. The company also said in a news release that the software helps reduce costs by cutting the completion time for mortgage applications by 66%.
Additionally, RealKey’s offering features a smart audit engine that combines processing and underwriting for all loan program types. The platform also helps educate consumers and originators while obtaining correct information and documentation upfront.
Finally, the software allows participants to access the same information in real time through RealKey’s ScreenSync technology. The company said the feature does not request installation and does not compromise user security and privacy.
“Traditional mortgage applications are like a terrible game of tag – telephone calls, passing notes from borrower, to banker/originator, to processor, to underwriter, and back,” RealKey co-founder and CEO Christopher Hussain said. “Shopping for a mortgage can be equally cumbersome, requiring duplicate credit inquiries and sending documentation multiple times to each lender. My vision is to create a universally accepted application for buying a home and getting a mortgage.”
“With layer upon layer of regulations, underwriting requirements, and cumbersome bank processes, the mortgage application and approval process is slow, tiresome, riddled with errors, and frustrating to everyone involved, especially customers,” RealKey co-founder and CTO Will Hanson said.
Related stories:
Tech company Built plans to invest in data utilization, partnerships
Customer satisfaction declines despite origination shift to digital
RealKey said its software offers a single application that allows all process participants to connect in real time and have one single application that can be accepted by any mortgage lender. The company also said in a news release that the software helps reduce costs by cutting the completion time for mortgage applications by 66%.
Additionally, RealKey’s offering features a smart audit engine that combines processing and underwriting for all loan program types. The platform also helps educate consumers and originators while obtaining correct information and documentation upfront.
Finally, the software allows participants to access the same information in real time through RealKey’s ScreenSync technology. The company said the feature does not request installation and does not compromise user security and privacy.
“Traditional mortgage applications are like a terrible game of tag – telephone calls, passing notes from borrower, to banker/originator, to processor, to underwriter, and back,” RealKey co-founder and CEO Christopher Hussain said. “Shopping for a mortgage can be equally cumbersome, requiring duplicate credit inquiries and sending documentation multiple times to each lender. My vision is to create a universally accepted application for buying a home and getting a mortgage.”
“With layer upon layer of regulations, underwriting requirements, and cumbersome bank processes, the mortgage application and approval process is slow, tiresome, riddled with errors, and frustrating to everyone involved, especially customers,” RealKey co-founder and CTO Will Hanson said.
Related stories:
Tech company Built plans to invest in data utilization, partnerships
Customer satisfaction declines despite origination shift to digital
