Your Partner for Digitally Led Change
Elite Digital Mortgage Consultants (Elite) brings over 100 years of combined experience in the Mortgage and Consulting business to a market thirsty for direction and guidance in moving their lending organization to a new way of doing business…. DIGITAL.
Elite understands the challenges, obstacles and questions you face, what do I do first? Who do I trust to help me? What Vendors provide the best solutions? How will my Operations staff embrace the move, “we’ve been working for years to perfect our workflow, now we’re going to completely disrupt it”. What about my Loan Officers? “will they adopt a new way of doing business”, if not, my business will suffer. In addition, “how do I transition to a new way of doing business when my margins have been shrinking? I have a business to run and I cannot risk a self-imposed downturn”. “Operationally, I have to make every possible dollar on each loan, how will this affect personnel?” “Then, I struggle with governance and compliance, eNotary laws, states all seem to have different views, I don’t have the time or resources to research all the state nuances”.
The Partners at Elite have heard and answered these questions and many more over the last several years. Elite brings to Lenders the expertise in the three most critical aspects of taking your organization Digital: Operationally, C- Level counsel and Legal/Compliance. It’s a team with deep experience in guiding lenders as they move to Digital.
The mortgage industry is moving rapidly to Digital Transformation. Are you ready?
The mortgage industry is in the midst of major change. Technology is playing the most significant role in that change. Because of COVID we’ve witnessed lenders that were able to offer a far more efficient closing process by utilizing RON, offering eClosing and producing eNotes. While most lenders are interested in moving to a more efficient /electronic workflow, many lenders struggle knowing where to begin. Lenders in this situation need assistance in examining the best route for them, potential vendors, cost effectiveness, a roadmap to follow. Ultimately, they need a helping hand to guide them through the process
How should I choose the right solutions for my environment
What should I do first: Change LOS? Implement POS? Select eClosingplatform? Select an eVaultprovider?
What will improve my borrower experience the most?
Will utilizing newer technology increase my costs or save me money?
What vendors do I choose? Who should I trust?
Will my LO’s adopt a new way of doing business?
We’re so busy, we don’t have time to dedicate to extensive implementations, I don’t have the internal resources to staff a new implementation, how can we do this?
We can assist you in developing a strategy that allows you to achieve your short-term and long-term technology goals.We have the knowledge and the experience to recommend a variety of solutions. We will identify vendors that provide a significant benefit to your workflow and overall operations and strategy.
The right TECHNICAL solution requires the right HUMAN element. Within your organization is a well-organized leader (a “Sponsor”) who will frame positions that will lead to decisions on Who? What? and When? The Sponsor will benefit greatly by having a “right hand”, an “advisor” or a Assistant Coach to brainstorm decisions that will impact the company for years to come. That is who we are.
You Need an Advisor
The right TECHNICAL solution requires the right HUMAN element – this person, the sponsor, will make decisions on Who? What? And When? The sponsor will benefit greatly by having a “right hand” or ”Assistant Coach” to brainstorm decisions that will impact the company for years to come.
Why do I need an advisor?
The most common things we hear are:
“I’m trying to run a business, and I don’t have the time or resources to do the leg work.”
We support your plans as a Project Manager, Team Member or Consultation
“Every vendor says their product is the best, so who do I trust?”
We provide guidance, negotiation (terms set by you) and assistance with the “Best of Breed” technology solutions for digital mortgage production
“How do I know which vendors work well together and the solution I want works as advertised?”
We review your existing technology and working with you recommend solutions best suited based on your plans
The vast majority of mortgage lenders have plenty of expertise in their LOS.
- They know the features/benefits they like and do not like.
- They are well-equipped to evaluate a different LOS.
- With POS, eClosing, eNote, eVault, and other software products, mortgage lenders likely have only a few individuals with relevant experience to assess the strengths weaknesses of those products.
- A good solid plan is always made to be changed, enhanced or revised. If you fail to plan, you plan to fail – This is not an option!
Adopting e-closings for your lending business doesn’t have to be difficult. Watch this webinar to learn how to make an e-closing initiative a success.
Lenders want an efficient workflow and borrowers want less paper
Why Elite Digital Mortgage Consultants?
In Q1 2018 there were less than 600 eNotes registered with the MERS eRegistry. One year later, that figure was more than 19,000, almost a 5,000% increase. Fast forward to March 2021 where there were 55,725 eNotes registered on the MERS eRegistry. In total there have been over 1,111,000 eNotes registered with MERS. The Mortgage industry is quickly moving to a more efficient and profitable business model, Elite Digital Mortgage Consulting can help you get there.
“Dan Thank you so much for your help with Truliant Federal Credit Union closing electronic mortgage loans. From the very first time we talked, you have offered such great service and advice. You clearly are an industry expert and can explain the process in layman’s terms as well. Your common sense get it done approach helped us tremendously. We would not have been able to obtain all the necessary approvals and execute on an eClosing so quickly and efficiently without your help. I would highly recommend you to any company looking into eClosings. Look forward to many more closings with you”