Automation can Streamline Mortgage Lending Operations: Strahan McNeil Partners

New York, NY– As more and more human work is made lighter by artificial intelligence and automation, the mortgage industry too can now look forward to reaping the fruits of this cutting edge tool. The mortgage sector is currently burdened with documentation, compliance delays and unavailability of information, which can change drastically once automation is implemented in full force.

Young homeowners below 36 years of age are flooding the market, and a recent survey by National Association of Realtors shows they comprise the bulk of the clientele, and most of them are first time home owners. Nearly half of them also have kids below 18, and the age group of 37-51 features those earning the highest average income.

The presence of new and young buyers should be seen as a sign by mortgage lenders that they should make their lending process as quick as possible, and thereby also reduce its cost. The best way to do this is to adopt automation tools that allow personalization based on market data, and make the applications pass through compliance as quickly as possible.

“Automation can be looked upon as a game changer in the mortgage industry, as it significantly impacts the speed with which loans can be approved and disbursed,” said Strahan McNeil.

Strahan McNeil Partners is a New York headquartered finance firm which operates a global network of over 560 finance professionals redefining their traditional role as ‘financial technicians’. The firm offers specialized financial services that handles audits, restructuring, structured finance, and mergers and acquisitions. Focused on turning knowledge into value and advantage for its clients, Strahan McNeil Partners provides clients with wide ranging financial and accounting services that meet globally consistent norms.

Strahan McNeil Partners is today playing a new role in the capital markets, supporting positive reforms that would strengthen credibility and confidence. The firm actively takes up social responsibility, making it part of its central, working agenda so as to make a real difference to the communities it serves.

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For more information, please visit: www.strahanmcneil.com

Strahan McNeil Partners
685 3rd Ave, New York, NY 10017
Tel: (646) 681-7423

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