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Lock Application (Process Flow)

The ability to rapidly lock interest rates is a critical step for a Mortgage Lender. The digital workers eliminate the rate lock errors and alleviate the strain caused by sudden spikes in loan volume, helping to clear the backlogs and decrease turn-around times

01

Lock request submitted by the Broker through TPO Connect

02

Select loan from the que

03

Generate and save lock confirmation document

06

Loan is indexed and Submitted for processing

04

Update mortgage system of record

05

Send confirmation to broker

Streamline the Lock Application Process

100% straight through processing

99% reduction in manual errors

Handle 60% more volumes