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Data Entry Outsourcing, or "have you ever seen a business drown?"

Not in the water, or debt, or unfulfilled orders, or uncollected receipts payable.

No, drowning In a paper.

Before the turn of this century, most businesses were drowning in paper. Every document generated by any business was printed on paper, sometimes multiple copies for distribution, read off of paper, filed on paper, and eventually stored on paper. The ubiquitous file cabinets grew larger and larger. Entire industries developed to handle the printing, distribution, and storage of paper documents. Entire forests perished for these documents. FedEx was founded on the idea of getting paper to and from customers overnight! Entire mega-sized warehouses existed to store nothing but paper. Looking at that period in business history from today's vantage point makes the practices seem wildly inefficient.

And they are. But replacing that paper was and is a painful process. Hopefully, you've already made that transition. Regardless if you have or haven't, read on.

If you've already gone digital, you are still confronted daily with gigabytes of digital data – most of it vital information that can contain data to help you determine logistical needs, sales projections, profit margins, basically the keys needed to make an enterprise successful. That data needs to be quickly and accurately entered, stored, cataloged, and be searchable with any number of criteria.

Paper still exists, and all your paper documents need to be accounted for as well. With the advent of digital technology, it is now possible to convert physical documents like newspapers, periodicals, books, images, texts, and other business paperwork into a digitized version such as pdf, doc, Xls, XML, jpeg, gif, HTML, CD, tape, or Zip disk.

Enter data entry services, or more specifically:

Data Entry Outsourcing

You can imagine the staff and equipment needed to accomplish all of this! If you can partner with a Data Entry Outsourcing Company, THEY supply the entire process, so you don't have to hire and train the staff, buy the infrastructure, acquire the office space, handle the HR requirements, and keep tabs on their work. In other words, if you choose to Data Entry Services, that giant task becomes manageable.

"OK, This Sounds Like A Good Idea,

But I Could Do Data Entry In-House!"

Sure you can, but then you have the additional headache of facing the most common manual data entry challenges:

  • Spike in error rate - since you've hired and trained your data entry department, it's going to take a while to get them up to speed. During that time, you'll see an error rate that you'll never have to suffer through if you had outsourced the work to a team of experienced, trained professionals
  • Long turn-around time - new data entry workers start slow – they'll make mistakes as noted earlier, but they'll also be slow to find and correct the errors. Data entry outsourcing with specialists with years of experience is both fast and accurate. And as a bonus, since they are usually on the other side of the world, the work you assign them at the end of your day is completed and waiting for you when you come in in the morning.
  • Quality control - if you're still using a new in-house team, you're going to suffer some growing pains that stem from their inexperience. Chief among them is QC. It will take them longer to check their work, submit it, make the corrections, and resubmit it before it is approved. Not the case with an experienced Data Entry Outsourcing team.
  • Unclear fields and formatting - again, if you're starting from scratch, part of getting up to speed is finding a formatting style that suits your needs. No matter if it's an Excel document or a PowerPoint presentation, there will be some confusion as to just how everything must look and work. With an outsourced data entry team, you won't have to do this on your own. They will listen to your needs and present you with a time-tested plan tailored just for you, eliminating weeks of trial and error.
  • Increasing workload - as your business grows, you'll probably have to bring on new staff, training them, or at the least show them your stylebook. With outsourcing, you can scale your team to the size that fits, adding personnel in busy times and shedding them in slack time. The size of your team will always be exactly right.
  • Distraction from your core functions - no successful enterprise ever made it to the top on data entry alone. Data entry is an essential back-office function, but it is a back-office function. Concentrate on your core business process, and let an outsourced data entry partner handle the rest.

 

What Exactly Can Outsourcing Do To Overcome Data Entry Challenges?

  • Since your staff doesn't need to do the data entry, they can hone other skills, the skills you probably hired them for. At first, doing some of those back-office tasks with your existing staff might seem the right move, both from an economical and efficient standpoint. But that's a false illusion, as many new businesses find out the hard way.
  • With back-office functions out of sight, suddenly, the office is more energized. Your team is all focused on the same goal - making your venture a success. If you follow sports, it’s not uncommon to see successful teams not repeat a championship. The best players often get a better deal elsewhere after winning it all. It's a good way to “team build” when everyone is focused on tangible success. Keep your best players on the field and hire another team to handle the back-office.
  • You can expand your data entry to fit your needs. And scale it back if you need to. And with outsourcing, you only pay for what you use. This is one of the prime attractions for partnering with a BPO. To be able to use, and pay for, only the resources you need RIGHT NOW is a luxury not often seen in business. It’s the reason the smart money in all business sectors is more and more turning to BPOs for their back-office functions.
  • Since you're not paying for the hardware and the software, your outsourcing partner will handle all the upgrades in tech. “Buy or Lease?” is a question that is more and more pertinent in today's business world. For enterprises of all sizes, today's answer is “lease”. Skip the hardware race that may see you having to upgrade every year in order to run the newest, faster software that is released every year. It’s a never-ending cycle that you can avoid by having someone else make the capital investment in the latest tech gear. The key to all these gains in efficiency is “Outsourcing Data Entry”! Moving all of those “Back-Office” Data Entry activities to a third-party partner. Someone who has years of experience, a highly trained workforce, and the best of tech, makes everything in your operation run faster, more accurately, and with a huge saving in cost. They handle the continuing training, all of the personnel problems, all of the upgrades to systems, networks, and servers. They will be responsible for the network security and can deliver whatever you need them to do.

 

Data Entry Outsourcing. You Deserve The Best!

Using Rely Services as your data entry partner will save you more than time and money. Since they are continually refining their business methods, their constant pursuit of perfection will benefit your operational practices. Contact them today for a detailed evaluation of the many ways they can make your business more successful.

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When an enterprise begins to experience success, increasing the workload of existing staff, expansion is a tempting solution. And depending on the nature of your business, increased pressure on data entry may be the first sign of the cost of that success. But wait! Why burden your most valuable, critical workers with increased duties? After all, since it takes long hours and complete commitment to launch a venture, they're part of the reason for your initial success. Don't crush them with additional duties, especially since Data Entry Services is not glamorous or stimulating. It’s repetitive grunt work. It's vital but tedious. So now, you have to reach into the labor pool and add to your core staff for office support. That can be a daunting prospect.

What about the expense and time of increasing the number of your employees? And finding the space and equipment for them? And the whole hiring process will suck valuable time from your money-making activities.

What if you had someone else handle all your Data Entry Services? And cut your costs by 40% or more?

Now that you know that you can save big money, what other Benefits of Outsourcing Data Entry Services are there?

For many ventures, the smart move is to turn to a Data Entry Outsourcing Company. Sure, you've known about Business Process Outsourcing, but maybe you didn't think it was right for you- your venture is too small, it;'s too new, outsourcing is too expensive for start-ups, it's a pain to find the right partner, there are lots of problems with communication, or BPOs aren't flexible enough.

Let's look at some of what Outsourcing has to offer.

 

  • - Cost-Effective
  • The cost of doing business will dramatically decrease. Say goodbye to paying for:
  • Payroll expenses
  • Advertising for open positions
  • Interviewing candidatesVettingTrainingBuying new equipment
  • Increasing office space
  • Employee benefits
  • Health insurance
  • Profit-sharing
  • - Time Savings
  • Overnight project turnaround
  • - Access to Talented Resources
  • Trained, experienced operators from day 1
  • Highly educated, fluent English-speaking staff
  • Acclimatized to Western Cultural norms
  • Friendly demeanor and professional presence
  • - Focus on Core Activities
  • Do what you do best- make your business grow
  • Boost morale - eliminate the tedious work
  • Increase profits by being more productive
  • - Improved Work Efficiency
  • Less office space required
  • Less equipment needed
  • Fewer desks, chairs, and computers
  • Smaller payrollFewer benefits
  • - Superior Data Management
  • Always the latest hardware
  • The latest in software
  • State of the art security systems
  • Latest servers and networks
  • - Flexible Business Model
  • Scale workforce as needed
  • Use computer time when needed
  • Never pay for too many team members
  • - Potential for Expansion
  • Outsourcing can provide the resources you need when you need them
  • Peak Season- expansion, slow season- reduction

 

In the last two decades, the ability to Outsource Data Entry Services has emerged as a powerful business tool. These services require qualified, experienced professionals to process and maintain those huge amounts of data. For such time-consuming work, outsourcing these services makes total sense.

Rely Services is a leading Back Office Outsourcing Service provider in the USA. Our professional staff is simply brilliant. Let us show you how partnering with us can improve your customer base and profitability. Contact Rely Services for a no-cost, no-risk evaluation today!

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A mortgage revolution is approaching, and preparation is crucial for success. Preparing for the mortgage revolution of 2021 requires companies in the mortgage industry to take an active approach to embrace the current trends.

There are several aspects of how the mortgage industry is changing for good, and most have been a direct result of the pandemic. Covid-19 has significantly impacted the mortgage industry, and these revolutionary shifts are expected to have lasting effects.

Companies that take advantage of these trends can foster considerable growth. Below is a list of the three stand-out mortgage industry trends and changes that can help in preparing for the mortgage revolution of 2021:

  • New Technology – Advancing technology is practically the driving factor for this new mortgage revolution. Preparing for the mortgage revolution of 2021 requires the adoption and mastery of this new technology to make the most of it. Mortgage lenders that utilize new technology can more easily interact with and serve their borrowers successfully.
  • Data Accuracy – As technology advances, the mortgage industry's reliance on data increases as well. Therefore, one of the main aspects of getting ready for the next mortgage revolution is implementing data accuracy systems. With accurate and streamlined data, mortgage lenders can minimize risk and error.
  • Partnerships For Success – One of the most revolutionary mortgage industry trends and changes that are occurring currently is the rise in partnerships created. Companies that build strong partnerships with other companies and service providers are actively preparing for the mortgage revolution of 2021.

 

These stand out as the main 3 mortgage industry trends and changes at the moment. Companies that embrace these mortgage industry trends and changes are preparing for the mortgage revolution of 2021, and we'll discuss each of the trends in more detail.

 

How The Mortgage Industry Is Changing For Good With New Technology

Digital technology has practically changed the face of the mortgage industry as we know it, and this is especially true of the post-Covid-19 world. As the pandemic caused businesses in almost every industry to go virtual, technology needed to advance to keep up.

Covid-19 has permanently altered the way people use technology, which is a significant change for the mortgage industry. Because of the pandemic, people got used to doing everything from home, including buying property, applying for mortgages, and refinancing their homes.

One of the main ways the mortgage industry is changing for good is using new online tools for mortgage borrowing and lending. As a result, most people looking for a mortgage are exclusively seeking out mortgage lenders that can complete their mortgage BPO entirely online.

Consequently, mortgage lenders must adopt digital technology to stand out, remain competitive, and be desirable in the eyes of borrowers. An overwhelming 99% of mortgage lenders believe that technology and digitization can significantly improve the mortgage application process. The benefits driving this shift include, but are not limited to:

  • Simplified & Streamlined Process – Shifting previously non-digital operations to digital platforms automatically simplifies and streamlines processes, especially if you're using good technology. With the perfect digital platforms, you can streamline operations for your company, which will increase efficiency and productivity.
  • Reduced Closing Time – All processes are completed faster and more efficiently with automated programs and machine learning. Adding automated technology to your operations means you don't have to waste any time. As a result, you can reach closing earlier than ever before, which means that you can take on and serve more borrowers.
  • Minimized Data Entry – Data entry is imperative for mortgage lenders to complete accurately and efficiently. Carrying out mortgage operations digitally can reduce the required data entry by integrating and connecting systems. Good technology will complete functions while entering and storing data for maximum efficiency.

Why Data Accuracy Is Imperative In The Mortgage Industry

Data accuracy is a must if you want to know how to get ready for the next mortgage revolution. Data must be accurate to ensure that your systems are correctly underwriting, sourcing, processing, and closing mortgages.

Technology advancements stand out as one of the biggest mortgage industry trends and changes for 2021, and data is at the center of all tech. These systems need high-quality, accurate data to function properly. Without accurate data, this state-of-the-art technology is useless.

Consequently, preparing for the mortgage revolution of 2021 requires mortgage lenders to implement additional measures that maintain data accuracy. As a result, not only are borrowers more likely to choose a mortgage lending company that features online mortgage application capabilities, but they also expect a seamless transaction from start to finish.

The key to making this process seamless is accurate data. Mortgage lenders can choose from a wide range of resources, tools, systems, and programs to keep their data accurate, high-quality, and safe. One of the most popular methods for the mortgage industry to ensure data accuracy is to use an outsourcing provider to handle data management and/or information technology.

Mortgage companies prioritizing data accuracy is one of the main aspects of the mortgage industry changing for good, which is a mutually beneficial advancement. Additionally, the need for data accuracy in mortgage software, programs, tools, systems, and applications will prompt further technological progress.

Creating Partnerships Is Key For How To Get Ready For The Next Mortgage Revolution

One of the biggest mortgage industry trends and changes that was prompted by the pandemic was historically low interest rates. This caused homeowners worldwide to want to refinance their homes, which meant a massive rise in demand for mortgage lending services.

As demand increased, mortgage lenders needed to embrace innovation to take on more borrowers without compromising the quality of service provided. Consequently, one of the keys for getting ready for the next mortgage revolution is for mortgage lenders to create strategic, strong, and beneficial partnerships with other organizations.

For example, partnering with an outsourcing company is a great way for mortgage companies to get ahead. Outsourcing has stood out as an incredible opportunity for several industries to take advantage of throughout the pandemic. Creating a partnership with another company, like an outsourcing provider, allows businesses to advance, succeed, and excel.

In the mortgage industry, outsourcing can help lenders better serve their borrowers and increase the number of borrowers that they have. Listed below are some of the services that the mortgage industry can outsource to a third-party service provider:

  • Loan ProcessingAccountingUnderwritingFinancial CheckingDocument ExaminationPre-Closing & Post-ClosingTitle OrderingProperty AssessmentBackground InvestigationData Entry, Processing, Storage, & ManagementDocument Retrieval

These are some primary services that the mortgage industry can enlist from an outsourcing company, but there are more. With the help of a great outsourcing company, you have the resources, tools, technology, and expertise to get ready for the next mortgage revolution.

About Us - Rely Services

Rely Services is a premier outsourcing company that specializes in business process outsourcing services in the mortgage industry. At Rely Services, we have served the mortgage industry with our expertise in data and technology for over twenty years.

Rely Services knows that preparing for the mortgage revolution of 2021 will not be easy, but we can help. If you want to learn more about how the mortgage industry is changing for good and how to get ready for the next mortgage revolution, Contact Us Here today!

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Understanding the Six Essential Steps of the Mortgage Application Process

In general, the mortgage loan process involves Application Acceptance, Offer for Property, Loan Application, Loan Processing, Underwriting of the Loan, and Release of the Loan Amount, or Closing. There"s more to it, and we"ll get to that in a minute. 

Every lender has its unique way of operating the Mortgage Loan Process. It's important that all the "boxes are checked" so the process can move forward without errors. It's a critical process for customers as well.

For the first time buyer, the process is filled with confusing and arcane terms and procedures. Even experienced buyers can be confused by the complexity of it all. For most applicants, there is a lot riding on a Mortgage Application Process, it can be a tense time for them and that adds extra pressure for accuracy. From the broker"s perspective, not being clear or complete on all the terms of the deal and the mortgage usually means that the deal falls through.

But a buyer, armed with the knowledge of the Mortgage Process because they were willing to do the homework, stands a good chance of getting a better deal on a purchase than an uninformed buyer who walks into the market like a lamb to the slaughter.

Learn and understand the Mortgage Loan Processing Steps. Avoid being one of those "lambs".

Mortgage Process Steps:

  1. Mortgage Pre-Approval
  2. Home Hunting and Offer
  3. Loan Application
  4. Loan Processing
  5. Mortgage Underwriting
  6. Mortgage Closing

 

Surviving the Mortgage Loan Process

The Steps to Getting a Mortgage are pretty straightforward, but they"re couched in sometimes confusing language and in intricate actions. And from the Initial Mortgage Loan Application to The Closing, there is a huge amount of paper (and digital) records and forms and "sign this and sign that" involved in the Mortgage Timeline Process. With a little bit of preparation, your path to ownership can be a little less painful. Some early steps in The Mortgage Approval Process should be handled even before you begin talking to an agent about looking for a home or a lender about how to qualify for a Mortgage Loan.

 

Mortgage Pre-Approval

 

  • Getting preapproved for a mortgage is an important first step in a Housing Loan Proposal. You and your agent will talk with a lender, or lenders, and make a choice based on financing terms and fees. Then you will provide the lender proof of income, previous and current debt, and other financial information
  • Expect lenders to investigate and confirm all of your financial life so they are confident you will repay your mortgage. It"s important for you to know what a mortgage preapproval does and how to increase your chances of getting one.
  • Credit history
  • Credit score
  • Debt-to-income ratio
  • Employment history
  • Income
  • Assets and liabilities
  • Getting a preapproval letter gives you the chance to discuss loan options and budgeting with the lender, which will help you focus on your budget and the monthly mortgage payment you can handle. Potential buyers should be careful to estimate their comfort level with a given house payment rather than immediately aim for the top of their spending limit.

 

Home Hunting and Offer

  • Once pre-approved, start looking for a home that will fit your needs and your budget. Your pre-approval will probably include a cap on the amount of your loan. When you find the right house, make an offer
  • The seller could:
  • Accept the offer
  • Decline the offer. if your offer wasn't high enough to negotiate
  • Counter-offer. The seller makes you an offer lower than the original price
  • You can negotiate back and forth until you reach an agreement 
  • Once your offer is accepted, you sign the purchase agreement. You"re now under contract. 
  • Contingencies should be in the written offer. These are things you state must happen before the process continues. Some are that the deal hinges upon you obtaining financing within a specified time. Another may require the completion of a home inspection or certain repairs. But including too many may scare the seller away from your offer

 

Loan Application

  • This step requires you to produce information or records about employment, education, income, spending, debt, installment payments, rent, or a previous mortgage. All the things that will be considered to grant you a loan. Closing a mortgage transaction takes about 45 days on average, so preparation is key because after your purchase offer is accepted, the clock is ticking. All mortgage applications, in one way or another, follow the format of the Uniform Residential Loan Application, with five pages of questions regarding your finances, debts, assets, employment, the loan, and the property. Since you"ve been pre-approved, you can take a look at the actual application then, so there should be no surprise then it"s time to choose the type of loan
  • A 30-year fixed-rate mortgage is a home loan with an interest rate set for the entire 30-year term 
  • A 15-year fixed-rate has a lower interest rate and higher monthly payments
  • An adjustable-rate mortgage has an initial rate that"s fixed for a period of time, then adjusts periodically

 

Loan Processing

  • The lender takes the application and thoroughly examines it for clarity, and correctness then verifies all documents necessary to prepare the loan file for underwriting. These documents provide the lender with everything that they need to know about the borrower and the property you" refinancing. As the loan processing continues, the application passes through more and more scrutiny During The Mortgage Document Processing, the lender begins verifying assets, income, and employment. They"ll open a file and get the wheels in motion. The documentation requested by underwriting routinely includes:
  • Evidence of Earnest Money
  • Asset Verification
  • Borrower Letter of Explanation
  • Gift Letter
  • Copy of Note
  • Source Large Deposits
  • Verification of Employment
  • Fully Executed Sales Contract
  • Loan processors gather documentation about the borrower and property and review all information in the loan 
  • Order credit report (if not already pulled for a pre-approval)
  • Start verifying employment (VOE) and bank deposits (VOD)
  • Order property inspection if required
  • Order property appraisal
  • Order title search
  • Orders a home appraisal to determine the value of the property 

 

Mortgage Underwriting

  • Mortgage Underwriting Process Steps is the method a lender uses to determine if the risk of offering a mortgage loan to a particular borrower under certain parameters is acceptable. However, it is always up to the underwriter to make the final decision on whether to approve or decline a loan. To help the underwriter assess the quality of the loan, banks and lenders create guidelines and even computer models that analyze the various aspects of the mortgage and provide recommendations regarding the risks involved. Automated underwriting guidelines are a crucial determinant of whether a mortgage will be made and at what price. Not all loans are the same. Certain aspects of the loan may compensate for a lack in other areas. For example, a high Loan to Value can negate the presence of a large number of assets. Low LTV can offset a borrower with high debt to income ratio, and excellent credit can overcome the lack of assets.

Mortgage Closing

  • The mortgage closing is a complex process where the lender is to provide a closing disclosure document that details the entire transaction, including a breakdown of the closing costs and fees. The following may be present:
  • Your real estate agent or realtor
  • Your title insurance company
  • An escrow company
  • Your attorney 
  • The seller"s attorney
  • When purchasing a home with a loan, the closing of your loan (the time when your loan becomes final and the funds are distributed) and the closing of your home purchase (when you become the owner of your new home) typically happen at the same time. Once the closing is complete, you are legally required to repay the mortgage Mortgage Closing will include documents and statements regarding Title insurance, Mortgage commitment, Amortization schedule, Title search, Survey deed, and the closing statement. Depending on what state you live in, all the parties may sit around a table and sign all the documents at once. Or the closing could take several weeks as the signatures of each party are collected separately. 

 

How to Tame the Mortgage Process

 

The Mortgage Process is a multi-faceted hyper-detailed set of responsibilities. Many different "micro-tasks" requires precise knowledge to complete. If one person on your staff is handling all of the different functions involved in Loan Origination - Background Investigation, Property Assessment, Accounting, Financial Checking, Document Examination, Mortgage Underwriting, and so on, not only are they crazy busy, but the workload will soon crush them. And before it does, there will be plenty of mistakes to clean up.

While the Mortgage Crises of 2006, and the crash of Mortgage-backed Securities in 2008, and The Great Recession of 2009 was a devastating blow to the U.S. Mortgage Industry, the recovery has created new opportunities. The survivors have found new ways to remain profitable in the Brave New World of Mortgage lending. 

For lenders, the complexity of the process makes an experienced, professional staff a key element in continuing, successful operation. But the job market is a highly competitive and volatile one, with the best producers commanding higher and higher wages and other compensation.

All of these challenges force the question: How do you scale up your enterprise while cutting costs, trying to remain viable in a cutthroat Mortgage Market?

Ever consider Mortgage Outsourcing Services (a Mortgage BPO) as a solution? A firm like Rely Services?

We will provide a professional, highly trained staff ready to go. At a fraction of your current cost. This can mean huge savings in overhead.

When you chose Rely Services as a partner, you"ll be profiting from a professional operation delivering on time and on budget. We don"t just offer Employment Verification and Verification of Documents for your clients, we offer you clear documentation of our performance. 

Rely Services leads the industry to incompetence and transparency. Our experienced professionals offer high-confidence accuracy, superb data security, quick processing times, efficiency, and flexibility at a cost we think you will find amazing.

We"ve thrived in the Mortgage Services sector and we can bring that expertise to your operation today!

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Mortgage lending is complicated, challenging, and competitive work, but outsourcing mortgage operations can help. Outsourcing the mortgage process allows mortgage lenders, especially small and mid-size, to improve their services and acquire more borrowers.

Outsourcing is a profitable resource for companies in several industries to enlist, and this is especially true in the mortgage industry right now. We are currently experiencing a booming purchase market, which is a great opportunity for mortgage companies to expand their offerings; however, they have to keep up with the rising numbers of borrowers to do so.

As more people are buying homes currently, homeowners are looking for the perfect mortgage lender for their specific needs. However, competition among lenders is steep, and mortgage operations outsourcing can make a lender stand out from the rest.

What Are The Benefits Of Mortgage Service Outsourcing?

Mortgage processes are not easy to execute, but outsourcing can provide a huge help. Outsourcing the mortgage process is a worthwhile endeavor because of the benefits that it provides. The benefits of outsourcing mortgage operations include:

  • Profitability - One of the most significant benefits of outsourcing mortgage operations is that it increases profitability. Outsourcing the mortgage process allows you to substantially cut overhead costs, which increases profits considerably.
  • Scale - Another main benefit of mortgage service outsourcing is that it makes lenders more scalable. Small and mid-size lenders can seamlessly scale their operations to expand their reach. Additionally, large-scale lenders can use outsourcing to exceptionally tend to every borrower.
  • Competitive Edge - Outsourcing the mortgage process gives your establishment a competitive advantage. If you want to stand out for your exceptional services, outsourcing allows you to do so.
  • Time & Efficiency - Mortgage operations take a long time, and outsourcing can help speed these processes up. A mortgage BPO company helps lenders maximize efficiency by taking over time-consuming, repetitive tasks. The outsourcing provider will handle these operations so that the lender has time to work with more borrowers.
  • Resources - Access to additional resources is another one of the main benefits of mortgage service outsourcing. The mortgage processing company will lend their extensive resources like digital technology, data analytics, and more, to their clients to make use of them.
  • Convenience - Convenience is critical for customer satisfaction, making it one of the main benefits of mortgage service outsourcing. With a third-party mortgage processing company, you can provide your customers with quick and convenient services.
  • Simplicity - A mortgage process outsourcing company simplifies and streamlines the mortgage lending process from start to finish. With skilled professionals and advanced programs taking care of mortgage lending processes, everything will run smoothly.
  • Customer Satisfaction - Mortgage lending is notorious for lacking customer satisfaction, but this doesn't have to be the case. One of the benefits of outsourcing mortgage operations is that you can greatly improve customer satisfaction. As the outsourcing provider takes care of processes, you can focus on pleasing customers.
  • Consistency - The market is never consistent, but that doesn't mean mortgage lending processes have to be inconsistent. Outsourcing the mortgage process ensures that all operations are consistent, reliable, and stable at all times.
  • Security - It might seem counter-intuitive that a third-party service provider can increase protection and security, but it is true with a good provider. A good outsourcing provider will have state-of-the-art security measures in place to make sure all of your customer's data are safe and private throughout every phase.

 

 

Why Outsourcing The Mortgage Process Is So Beneficial Right Now

Currently, the market is doing great, which makes outsourcing the mortgage process more beneficial than ever before. In today's purchase market, community leaders have a great opportunity to grow and advance.

Today's average homebuyer is looking for a more personal, service-driven relationship with their mortgage lender than they have in the past. Because of this, mortgage lenders should focus on connecting with their customers, clients, and community, and mortgage operations outsourcing offers an easy and cost-efficient way to do so.

This is especially beneficial for small and mid-size mortgage lenders, as they do not have the extensive resources and advanced technology to compete with larger mortgage companies. Outsourcing the mortgage process allows these smaller lenders to access state-of-the-art programs, technology, and automation to meet the demands of today's borrowers.

With a third-party service provider expertly taking over some of the more tedious processes and operations, mortgage lenders can focus their customer satisfaction and acquisition efforts. Additionally, outsourcing the mortgage process allows these lenders to save money which is highly beneficial in the long run.

Ramping up technology is not easy for companies of this size, but it is imperative if lenders want to advance. The cost of developing, improving, and acquiring technology and resources is prohibitive, but an outsourcing provider can lend their resources for a low cost.

Competition in mortgage lending is fierce, and outsourcing the mortgage process is a lucrative opportunity for lenders to take advantage of. As the mortgage operations outsourcing company skillfully takes care of processes at an affordable rate, team members can focus on growth.

How To Choose The Perfect Outsourcing Provider For Mortgage Operations

Outsourcing is an incredible resource that businesses in almost every industry can utilize. However, not all outsourcing providers function the same, so it's essential to carefully choose the right outsourcing provider for your specific needs and goals.

One of the main risks of outsourcing the mortgage process is that it brings an outside company into your operations. Many companies are afraid to allow a third party to control any aspect of their business, but they can lose even more business by not enlisting outsourcing.

Consequently, mortgage lending companies should be diligent in the search for the right outsourcing partner. This partnership is vital for your success, so you must carefully vet every potential outsourcing service provider. Listed below are some tips for what to look for in an outsourcing provider:

 

  • Experience & Expertise – Fortunately, there are countless outsourcing providers to choose from. However, it would help if you choose an outsourcing provider with expertise and experience in mortgage operations specifically. Be sure that the company you choose specializes in mortgage operations outsourcing.
  • Technology – Advanced technology is one of the main benefits of outsourcing mortgage operations. You'll want to ensure that your outsourcing provider has great, high-speed, and modern technology that will work for your processes. This includes artificial intelligence, automation, data analytics, online systems, programs, and more.
  • Availability – Because borrowers want convenient and fast service, you should look for an outsourcing company that offers availability during off-hours. This could mean virtual mortgage processing that is available at all times online, or it could mean 24/7 support.
  • Quick Turnaround – If you want to improve your efficiency and reach new customers, a quick turnaround from your outsourcing provider is a must. A good outsourcing company will efficiently complete all tasks within a given timeline and without any errors.

 

About Us - Rely Services: A Mortgage Operations Outsourcing Provider

Rely Services is a global business process outsourcing company that specializes in mortgage operations outsourcing. If you want to learn more about the benefits of outsourcing mortgage operations or our services, please Contact Us today!

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Best Third-Party Loan Processing Company In Maine? Lean on Rely Services. For 23 years, they've offered substantial savings to their clients on all types of back-office functions, including Mortgage BPO, and now Rely Services is offering the Best Deals In Mortgage Loan Processing Services in Maine! And yes, we're new to the state, but we're not new to the business or good deals!

And to prove we mean business in Maine, we have an offer on the table too good to pass up!

 

1 FREE Mortgage Loan Application Processed! End To End! A Rely Services Exclusive!

 

Rely Services (a premier Loan Processing Company), for a limited time, is offering to process 1 of your mortgage loan applications - 1003 form to closing - absolutely FREE, at no risk to you! Rely Services is coming to Maine in a big way! We want to be your Third-Party Loan Processing Company In Maine!

Known for its natural beauty and New England charm, Maine has long been a desirable location for both work and play. And when Americans started to exit large urban areas during the Covid 19 Pandemic, Maine became a relocation destination for people from all across the country.

Maine real estate markets benefited from the Covid 19 buying boom of late 2020 and early 2021. And now, many analysts predict that the boom will return. Are you willing to ride that roller coaster again? You know, one day, not enough loan processors, and the next too many? Let Rely Services be your Loan Processing Company In Maine and your go-to source for all your loan processing needs! We're quick, accurate, professional, and of course, ultra-affordable!

 

A To Z. Rely Services Offers Mortgage Process Solutions. Today.

 

An entire division of Rely Services is ready to take on your Mortgage Processing workflow. And when you partner with us, we take your trust seriously. That begins with a dedicated team to handle your processing needs and a point person reporting directly to you.

 

  • Mortgage Loan Processing Services - Rely Services can offer short turnaround, total accuracy, and the most complete Mortgage Loan Processing Services you can find. We'll walk all of the paperwork through the process and do the heavy lifting so you can increase your revenue with a slight increase in costs.
  • Mortgage Appraisal Support Services - We have a team of local experts who know your market inside out and will produce a detailed appraisal report lenders will love. From the initial contact to a completed and verified property appraisal, Rely Services will deliver.
  • Mortgage Underwriting Services - "Follow The Money"! A famous phrase often quoted in different circumstances will verify all income, assets, debt, and property details, so the loan gets final approval. And it will be complete and accurate. If it isn't, you don't owe us a dime.
  • Mortgage Title Services - One more step in our pursuit of perfection, Rely Services will get the title verified and make sure there are no outstanding liens that have not, or will not, be satisfied by the sale. We'll also check and re-check to ensure that the owner has the legal right to sell the property.

 

Why Rely Services? Our Goal Is To Be The Best Loan Processing Company In Maine. Period.

And how do we do that? Simple. We'll give you the quality of service you'd expect if you did it yourself. And at a price, you might think it's impossible.

 

  • Enhance Efficiency - With Rely Services handling the back office; you'll have more time for your key staff members to build relationships and attract new business. We'll also continue to maximize your operations' turnaround time and accuracy, giving your firm the advantage over your competition.
  • Improved Client Satisfaction - If you've ever felt that customer relationships are suffering because you and your staff are crazy busy doing your work, it's a new day that will improve your clients' attitude. And a happy client is more likely to sing your praises to colleagues. Seriously, we can open up a new world of opportunity!
  • Adapt To Your Needs - One unique feature of doing business with Rely Services is our ability to match your staff with your need for them. It's called scalability, and we're masters of making your assets efficient. Plus, your team offers 24/7 accessibility and quick response to whatever comes up.

 

Need Loan Processing Services In Maine? Turn To Rely Services. The Ultimate Outsource Machine.

We're new to Maine, but not to Mortgage Processing. We've partnered with many mortgage brokers and independent lenders, gathered many positive reviews from our clients, and we want to bring that expertise to the great state of Maine! Rely Services has the pros, the motivation, the abilities, and the enthusiasm mortgage processing needs. So, inject some of our love of doing the job right into your workflow! Try us today! Contact Rely Services for 1 FREE Mortgage Loan Application Processed! End To End!

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Affordable Deals on Loan Processing Services in Colorado? Try Rely Services. For over two decades, they've offered savings to their clients on all types of back-office functions, including Mortgage BPO, and now Rely Services is offering the Best Deals In Mortgage Loan Processing Services in Colorado!

That's right! And to prove we mean business, we have an offer on the table too good to pass up!

”One FREE Mortgage Loan Application Processed! End To End! A Rely Services Exclusive!”

For a limited time, Rely Services - a premier provider of Contract Mortgage Loan Processing Services is offering to process 1 of your mortgage loan applications - 1003 form to closing - absolutely FREE, at no risk to you!

Colorado real estate markets benefited from the Covid 19 buying boom of late 2020 and early 2021. And now, many analysts predict that the boom will return. Are you ready to ride that roller coaster again? You know, one day too few processors, the next day not enough? Let Rely Services provide Affordable Deals on Loan Processing Services in Colorado. We’re quick, accurate, professional, and of course, ultra-affordable!

 

Want The Best Mortgage Loan Processing Services In Colorado? Trust Rely Services.

When you partner with Rely Services, we take your trust seriously. You’ll be assigned a dedicated team to handle your processing needs, with a point person reporting directly to you. And we can handle anything you toss at us!

  • Mortgage Loan Processing Services - Rely Services can offer the most accurate, speedy, and complete Mortgage Loan Processing Services you can find. We'll walk all of the paperwork through the process and do the heavy lifting so you can increase your workflow.
  • Mortgage Appraisal Support Services - From the initial contact to a completed and verified property appraisal, Rely Services will deliver. We have a team of local experts who know your market inside out to produce a detailed appraisal report lenders will love.
  • Mortgage Underwriting Services - “Follow The Money”! A famous phrase often quoted in all kinds of different circumstances will verify all income, assets, debt, and property details so the loan gets final approval.
  • Mortgage Title Services - Rely Services will get the title verified and make sure there are no outstanding liens that have not, or will not, be satisfied by the sale. We’ll also double-check to ensure that the owner has the legal right to actually sell the property.

 

Need Loan Processing Services In Colorado? Turn To The Ultimate Outsource Machine. Rely Services.

If the Mortgage Loan Processing grind is… well, grinding you down, why not partner with a proven professional team that will help you increase profit by decreasing process time? Rely Services has the pros, the motivation, the abilities, and the enthusiasm this kind of work needs. So inject some of our love of doing the job right into your workflow! Try us today! Contact Rely Services for One FREE Mortgage Loan Application Processed! End To End!

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Affordable Contract Loan Processor in California? Is there such a thing? Yes, there is, and if you're looking for help, read on!

Gold. The promises of riches brought the first European adventurers to California. Centuries later, Americans followed the advice to "go west young man, go west!", also seeking gold. Since the 1840s, California has seen millions come seeking their fortune.

And they're still coming, but lately, the gold rush has been in the housing market. If you're a Mortgage Processor, the last two years have been a rollercoaster ride. They don't call it boom and bust for nothing. One day you don't have enough staff; the next, too many. Rely Services, a Leading Contract Mortgage Loan Processing Company, can smooth out that ride by supplying you with Affordable Contract Mortgage Loan Processor Services!

Searching for stability, many new and established firms choose to outsource Mortgage Loan Processing Services as the solution for many good reasons. Rely Services, a premier Affordable Contract Loan Processor in California, has just brought outsourcing smoothness to the bumpy ride of Mortgage Loan Processing and Mortgage Closing Services.

Know-How To Strike Gold?

Call Rely Services. The Affordable Contract Loan Processor In California.

Partner with Rely Services, and see what an Advantage looks like:

  • Increase Revenue - Imagine slicing overhead, reducing, or eliminating the fixed costs of office space, equipment, the HR department, employee benefits, liability insurance, and so much more. These costs can mean the difference between profit and loss since the fixed cost of brick and mortar keeps spiraling upward.
  • Add Capacity - Ultimate workforce flexibility used to be a goal for most businesses. But then many threw up their hands in defeat since it seemed unobtainable. Well, take another look, and consider outsourcing as the path to flexibility and so much more. You can increase your workload as needed and not have to hire more staff!
  • Reduce Risk - Take the gamble out of the expansion. When you partner with Rely Services, the Affordable Contract Loan Processor in California, they take on the risk associated with adding staff. They take the risk of added insurance costs. And they take the lead in helping you attract more clients since now you can deliver the final papers with lightning-like speed.
  • Decrease Cost - Using an Affordable Contract Loan Processor in California means that everything you know about expanding your enterprise is now obsolete. Welcome to the 21st Century, where more things are possible than was even dreamed of just ten years ago. And this is no dream, this is real!

 

Choose Rely Services. The Affordable Contract Loan Processor In California.

"Give Your Team Unbeatable Speed!"

Let’s face it, in today’s Mortgage Processing Services marketplace; there are choices. But there is only one Rely Services Mortgage BPO. Fastest Service Available. Experienced Operatives. Professional Staff. Dedicated Teams. 24/7 Availability. Guaranteed Accuracy. Two Decades of Experience. Impressive Client List. Worldwide Multilingual Services. Rely Services will deliver, or you don’t pay. Now that’s worth some gold! So Contact Rely Services today for a no-obligation assessment of how we can help you achieve your goals.

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That's right! Hey Florida mortgage pros, tired of all the money the volatile market is costing you in employee overhead? Not enough staff one day, too many the next? Are you still riding that rollercoaster? Rely Services feels your pain and is responding with a unique, limited-time offer:

"1 FREE Mortgage Loan Application Processed! End To End!

A Rely Services Exclusive!"

For a limited time, Rely Services - a premier Mortgage Loan Processing Company is offering to process 1 of your mortgage loan applications - 1003 form to closing - absolutely FREE, at no risk to you!

Send Rely Services a pre-qualified, pre-approved Mortgage Loan Application, and they'll get it across the finish line. Rely Services is a leading Loan Processing Company In Florida, can offer this free service with confidence, and will outperform any other Contract Loan Processing Company in the state. Our Mortgage Processing Services, including Mortgage Closing Services, are simply the best!

Florida always seems to be trending up or down, rarely static, but the last year has been one for the ages. Despite all the complications – both social and economic – home sales in Florida ended in 2020 with an increase of nearly 6%. Phenomenal, really, but reflecting a pattern seen nationwide. Towards the end of the summer, sales across the board began to take off for many reasons: many nearing retirement age pulled the plug early. During the summer, the unrest in some cities also played a part, with some Americans seeking less populated areas. But incredible as it seems, with all the turmoil generated by the pandemic, home sales continued to climb, and fourth-quarter sales were up over 23% over 2019!

"Save Your Bottom Line."

Use The Top Mortgage Loan Processing Company In Florida.

"Your Best Source For A Mortgage BPO."

How did this unexpected boom affect your business? Most of us spent a lot of frustrating time struggling to process mortgage applications and furthering the chaos; turnaround times from overwhelmed processors got longer and longer. And that's a real problem in a hot market. How do you balance the size of your staff with current needs? Especially when that need goes through wild swings just as the market does? Many firms of all sizes are turning to outsource to both save money and time.

Here are some of the services that are included in Rely Services' special offer:

  • Collection Of Documents
  • ID and Social Security number.
  • Pay stubs from the last 30 days.
  • W-2s or I-9s from the past two years.
  • Proof of any other sources of income.
  • Federal tax returns.
  • Recent bank statements.
  • Details on long-term debts such as a car or student loans.
  • Real estate property information.
  • Document Review For Compliance
  • Verifying the applicant is compliant with the Suspicious Activity Reports and Anti-Money Laundering laws. Rely Services has the most experienced and effective Compliance Management System (CMS) in the sector and will make sure you are not exposed to needless liability.
  • Credit Scoring
  • A key factor in mortgage approval, a credit check must be complete and current. FICO scores are the best-known and most used by lenders looking to assess a consumer's creditworthiness. FICO scores have a range of 300 to 850—the higher the score, the lower the lending risk.
  • Credential Verification
  • The Certification and Authorization form is a document the borrower must sign to certify that all the information provided during the application process is accurate and complete. The authorization form also gives the lender permission to sell the loan to another company.
  • Mortgage Default Management Services
  • When the homeowner becomes delinquent or when default appears imminent, the borrower enters default servicing. Default servicing is often referred to as loss mitigation since the servicers goal is to minimize the losses of both the investor and the homeowner.
  • Mortgage Loan Quality And Retention Support
  • In today's overstressed economy, thousands of borrows faced defaulting on their loans. In response, lenders increased their efforts to help financially distressed borrowers keep their homes. More than 100 lenders also offer a nationwide mortgage retention program known as Making Home Affordable
  • VA Loan Support Services
  • VA helps Servicemembers, Veterans, and eligible Surviving Spouses become homeowners. and provides a home loan guaranty benefit (which can help reduce the cost of the loan) and other housing-related programs to help vets buy, build, repair, retain, or adapt a home for personal occupancy
  • Mortgage Title Policy And Document Retrieval Services
  • Rely Services has a proprietary process to retrieve critical documents like a deed of trust and/or title information of the mortgage transaction. Following the paper trail of all vital mortgage documents. And it doesn't stop there. Rely Services will also review the records for errors and misstatements.

 

Best Contract Loan Processing Company In Florida

"The Ultimate Outsource Machine."

There are multiple challenges for today's firms in the Mortgage Industry. There are increasing costs of a Mortgage Loan Process, with tighter profit margins, escalating personnel costs, and retention problems. More players on the field, making this sector very competitive.

So, every dollar and every minute counts. How do you scale up your enterprise while cutting costs, trying to remain viable in a cutthroat Mortgage Market? Outsource services with Rely Services and gain a real advantage.

 

  • Accurate And Efficient - Rely Services has over two decades of experience offering these services. Along the way, they've refined the mortgage experience, benefitting both lenders and borrowers. Don't you want the best firm handling your business?
  • End To End Support - We'll take your borrowers' applications through the process. You'll have a dedicated team leader who will walk all of the paper and digital information to the finish line, assuring the continuity your customers need
  • Affordable - Rely Services is more than affordable! Any way you cut it, outsourcing works for you, slashing your costs by 40% or more. Imagine what kind of upgrades you can do for your business with that kind of savings!
  • More Focus On Clients - With this kind of savings, your staff will have more time to focus on existing customers and attracting new customers. Your enterprise will grow since you'll have access to the best CRM tools and the staff to execute the process.
  • Reliable - At Rely Services, "Reliable" is their first name! They never miss a deadline and never leave you holding the bag because you missed a delivery date. And accuracy is second to none! Third-party evaluation describes Rely Services' error rate as less than 0.01%!
  • 24/7 Customer Support - Rely Services operates around the clock! It's never too early or too late to talk about your projects. Being on the other side of the world, Rely Services can quickly react to your needs or questions at any time of the day or night.
  • Certified Mortgage Processors - In addition to their training and experience, all Rely Services' team members hold all of the necessary certifications needed for their work. This is key for getting the job approved by different regulatory entities
  • Data Privacy - Security is more critical than ever. Aggressive intruders have hacked even big businesses and governments. Your data is necessary and needs the best efforts of security professionals to keep it private

 

The Top Mortgage Loan Processing Company In Florida?

"Rely Services. You Deserve The Best."

When you need help achieving a competitive edge, why not partner with the "Gold Standard" in outsourced services? Rely Services is accurate, fast, affordable, reliable, and has the best trained and experienced staff available anywhere. We have contracted mortgage loan processors in Illinois, Florida.

Contact Rely Services today for a no-obligation evaluation of your workflow and how we can help. And remember, for a limited time, Rely Services is offering to do a complete mortgage process free!

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Top Mortgage Loan Processing Company In Illinois? That's Rely Services, a Mortgage BPO. Despite all the complications brought on by the pandemic, towards the end of the summer of 2020, sales across the board began to take off. Why? Many nearing retirement age pulled the plug early, and unrest in some cities also played a part, with some Americans seeking suburban and rural areas. But incredible as it seems, with all the turmoil generated by the pandemic, home sales continued to climb, and fourth-quarter sales were up 34% over 2019, with the median price up 16%! That's why Rely Services, a Leading Contract Mortgage Loan Processing Company In Illinois, can claim explosive growth in this sector!

And Rely Services, a Leading Contract Mortgage Loan Processing Company In Illinois, has entered the marketplace with its usual energy and professionalism. And can now offer a spectacular deal:

"1 FREE Mortgage Loan Application Processed! End To End! A Rely Services Exclusive"

For a limited time, Rely Services, a Leading Contract Mortgage Loan Processing Company In Illinois, is offering to process 1 of your mortgage loan applications - 1003 form to closing - absolutely FREE, at no risk to you!

Send Rely Services a pre-qualified, pre-approved Mortgage Loan Application, and they'll take it from there! Rely Services can offer this free service with confidence and promise to outperform any other Contract Loan Processing Company in the state. Their Mortgage Processing Services, including Mortgage Closing Services, are the best deal in the state!

Illinois housing market is usually trending up, rarely static, but the last year has been one for the record book. Despite all the complications brought on by the pandemic – both social and economic – home sales in Illinois ended in 2020 with an increase of nearly 10%. Towards the end of the summer, sales across the board began to take off for many reasons: sellers nearing retirement age pulled the plug early and moved. During the summer, the unrest in some cities also played a part, with some Americans seeking suburban and rural areas. But incredible as it seems, with all the turmoil generated by the pandemic, home sales continued to climb, and fourth-quarter sales were up 34% over 2019, with the median price up 16%!

The Top Mortgage Loan Processing Company In Illinois!

"Your Best Source For A Mortgage BPO."

Rely Services can provide a variety of services for all businesses involved in the mortgage sector! Here's just a sampling of our clients:

 

  • Banks - While other lenders write the bulk of mortgages, many people are more comfortable going to their own local Bank for a mortgage. Why? They know the people there and sometimes get preferential treatment because they are an existing customer. Rely Services can provide your Bank with top-notch service!
  • Lenders - Some specialized lenders do nothing but mortgages and are positioned to concentrate on a single product; Rely Services will serve them as well. And there are many advantages in getting a mortgage from one of these firms – because they do just mortgages and are huge companies, they often have the best rates.
  • Servicers - Will shop around for the best deal to secure a mortgage. There's an advantage to doing this since servicers are not tied to any one provider. They pick the vendor with the best rate and pass those savings along to the customer. And if they engage Rely Services, they can offer even lower rates.
  • Brokers - Much like a servicer but with a broader provider list, brokers offer much of the same advantages. Brokers also shop for the best deal and may have access to mortgage offers that other lenders can't take advantage of. Rely Services is a perfect fit here as well.
  • Credit Unions - Generally, Credit Unions offer great rates for patrons. They're also not profit-driven, so there should be additional savings. Add in the money saved by outsourcing with Rely Services, and credit unions can offer some of the lowest rates obtainable!
  • Non-Qm Lenders - Self-employed, foreign nationals, real estate investors, and borrowers with significant assets but not a job have constantly challenged the mortgage market. Rely Services has just the answers for these "problems" presented. What used to be a non-qualifying borrow can now look forward to equal opportunities.

 

The Expert Mortgage Processing Company In Illinois.

When you need help building a competitive edge in the mortgage marketplace, why not partner with a dynamic, professional, and best-in-class customer service provider in the outsourcing marketplace? Rely Services is accurate, fast, affordable, reliable, and has the best trained and experienced staff available anywhere. Contact Rely Services today for a no-obligation demonstration of how we can help. And remember, for a limited time, Rely Services is offering to do a complete mortgage process free!