MetaSource Mortgage Blog

Symmetri: Bridging the Gap for Mortgage Origination

Tuesday, August 06, 2019

Symmetri Bridging the Gap for Mortgage Origination

Technology has brought some impressive solutions to the mortgage industry even if paperwork still occasionally has the upper hand.

Consumers have seen their share of the process simplified dramatically with the emergence of Rocket Mortgage and other mortgage point of sale (POS) platforms, with lenders rushing to get their own versions out into the market.

But in an industry with so many moving parts, innovation in one part of the process doesn't necessarily transfer well to the other systems needed to complete the loan origination process, creating frustrating gaps in the streamlining effort.

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MetaSource’s 'Symmetri' to Streamline Loan Origination with Bridge Between Borrower Centric and Lender LOS Platforms

Thursday, August 01, 2019

MetaSource Launches Symmetri Software

MetaSource®, a leading provider of mortgage quality control services and technology, has launched its latest solution for the mortgage industry with software that bridges borrower-friendly loan origination platforms with the back-office loan origination platforms used by lenders.

Symmetri™ is a software integration solution that will streamline the flow of mortgage information that is collected from consumer point of sale (POS) platforms. As a growing number of mortgages originate within these popular and easy-to-use customer interfaces, lenders have been left with a gap that requires time-consuming and clunky manual processes for getting borrower information into their systems.

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Servicer Worries Compounded by Prospect of Having to Scrutinize Portfolio of ARMs for LIBOR Terms

Monday, July 01, 2019

Servicer Worries Compounded by Prospect of Having to Scrutinize Portfolio of ARMs for Terms

Uncertainty over what will replace the long-used London interbank offered rate (LIBOR) as an index for adjustable rate mortgages (ARMs) if it is phased out in 2021 as expected has mortgage servicers with large portfolios of adjustable rate loans scrambling to establish next steps.

The head of pricing and execution for Freddie Mac described industry concerns as “almost Y2K-ish” according to a National Mortgage News account of a recent panel discussion at the Mortgage Bankers Association National Secondary Market Conference.

In April, the publication described “an alarming lack of progress” in preparations for conversion in the two years since it became known that LIBOR was on its way out as a global reference lending rate.

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Join MetaSource in the Future at Digital Mortgage 2018

Thursday, September 06, 2018

Join MetaSource in the Future at Digital Mortgage 2018

The journey to Digital Transformation in the mortgage industry can seem like an uphill climb at times – uphill across a mountain of documents and data. And yet, technology continues to rise to the occasion, transforming mountains into rapidly moving streams of information quickly ingested and easily retrieved.

In the process, we're saving more than time: quality control is also improving, as error-prone manual processes give way to systems that can weed out duplicate documents and identify inconsistent or missing data.

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Servicing Management Features Cover Story from MetaSource Mortgage

Friday, July 14, 2017

Servicing Management Features Cover Story from MetaSource Mortgage

The June issue of Servicing Management features the article Best Practices for Mortgage Boarding, Workflow Automation and Document Management written by Ruth Lee, our Sr. Director of Mortgage Services. Below is an excerpt of the article. Let us know if we can help you with any of the topics discussed.

Article Excerpt

A best practice is a process generally accepted as achieving superior results to alternatives. The key to that sentence is "results," which are subjective depending on your goals. Because the scope of the data and documents relied upon by servicers has blossomed in the last decade into a manually improbable challenge and the margin for error is thin, those goals today are primarily focused on proving compliance. However, business is business, and best practices have to meet the practicality test when weighed against many factors, to include sustainability and cost-effectiveness.

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