Today’s borrowers demand ease-of-use, accuracy, transparency and quick response. The loan origination process is full of error-prone manual tasks behind the scenes that are not scalable. For most, higher loan volume presents serious constraints with the only option being more resources. There’s a better way with Symmetri enterprise mortgage origination automation.

Bridging Mortgage POS & LOS

Developed to help lenders bridge the mortgage point-of-sale (POS) platforms borrowers have come to rely on with loan origination system (LOS) platforms where documents and data are processed, validated, and stored for execution of underwriting and closing. Symmetri is part of an ongoing commitment by MetaSource to provide solutions for clients in the mortgage industry so they can focus on their business.

Symmetri is a software integration solution that streamlines the flow of mortgage information that is collected from consumer 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.

Symmetri facilitates the transfer of documents and data between systems and replaces the tedious practice of lenders manually re-entering incoming data from borrower facing platforms that do not sync with their LOS. Now both sides of the loan origination process can leverage the convenience of technology that eliminates the tedious paper-choked processes that create drag and inefficiency.

How Symmetri Works

Symmetri works by creating a bridge between systems, automatically capturing, classifying and extracting borrower data from POS documents, validating it against a lender’s LOS using defined business rules, and employing robotic process automation (RPA) to streamline a variety of loan set-up and processing tasks, like USPS searches.

Here’s an overview:

  • Documents are captured by the borrower facing POS
  • Symmetri ingests and classifies each document
  • Symmetri extracts data from those documents and validates it against data in the lender LOS using defined business rules
  • Discrepancies are detected and re-routed for human resolution, when required
  • Symmetri releases corrected data to the LOS
  • Symmetri initiates robotic process automation (RPA) to streamline tasks that include USPS search, appraisal ordering, NMLS validation, and data extraction and downloads

Symmetri Impact on Your Origination Process

Once your data is validated and tasks are complete, Symmetri routes loans to the next step without human intervention. It’s a frictionless mortgage process that will

  • Increase speed to close
  • Improve data accuracy
  • Boost customer satisfaction
  • Reduce cost to originate in one easy-to-use solution