Mortgage & Title

prebuilt automations

Efficiency begins with streamlining tedious business processesNeostella’s prebuilt Robotic Process Automation solutions for the mortgage and title industry enable bots to take on the processes that bog your operations down the most.

four prebuilt rpa solutions

gamechangers for your mortgage and title business

Data and business processes in the mortgage industry can be highly variable, which is why we developed prebuilt RPA solutions that can keep up with the times. Unlike humans, our bots don’t need training; once the solution is in place, they will take it from there. Plus, with our expertise in the mortgage space, you know you are in good hands. Read our blog post that goes more in-depth about the below.

  • loan payoff requests

    Our one-of-a-kind prebuilt automation for loan payoff requests reassigns the dialing to bots, so your employees can focus on higher-value work. Learn more.

  • closing disclosures

    Neostella’s prebuilt CD automation extracts data for insertion into Loan Origination or Title Management Systems consistently and accurately. Learn more.

  • investor stipulations

    Our investor stipulations process enables RPA bots to watch for open stipulations/pending conditions and input those into borrower loan files. Learn more.

  • ordering flood certs

    The Neostella prebuilt RPA solution for automating ordering flood certifications saves your organization valuable time and resources. Learn more.

LOAN PAYOFF REQUEST

automating loan payoff calls

Who benefits from RPA loan payoff automation? Lenders or title companies: Lenders or title companies receive up to hundreds of loan applications a month. More loan applications mean more loan payoff calls that need to be issued, which can take up to 10 minutes per file to complete. With prebuilt UiPath RPA bots automating the payoff call process, valuable employee time can be allocated for more complex work. Applicants: A more efficient loan process with RPA means faster application processing and happier customers. It’s a win-win!
  • The challenge

    Produce an RPA solution that automates data extraction, lender analysis, and physically dialing and punching in numbers to request a loan payoff 

  • the solution

    Bots extract data from specific fields within 1003 forms for individuals or multiple parties 


    Create a system so RPA bots can determine which loan servicers to call 

     

    Use two different technologies to physically place the calls, including dialing the correct loan officer and listening for custom prompts throughout the call 

  • the rpa advantage

    Easily adjusted for each lender 

     

    Highly customizable instruction lists to extend the process from one servicer to another 

     

    High multiple servicers to call per loan payoff ratio

LOAN PAYOFF REQUEST

automating loan payoff calls

Who benefits from RPA loan payoff automation? Lenders or title companies: Lenders or title companies receive up to hundreds of loan applications a month. More loan applications mean more loan payoff calls that need to be issued, which can take up to 10 minutes per file to complete. With prebuilt UiPath RPA bots automating the payoff call process, valuable employee time can be allocated for more complex work. Applicants: A more efficient loan process with RPA means faster application processing and happier customers. It’s a win-win!
The challenge

Produce an RPA solution that automates data extraction, lender analysis, and physically dialing and punching in numbers to request a loan payoff 

the solution

Bots extract data from specific fields within 1003 forms for individuals or multiple parties 


Create a system so RPA bots can determine which loan servicers to call 

 

Use two different technologies to physically place the calls, including dialing the correct loan officer and listening for custom prompts throughout the call 

the rpa advantage

Easily adjusted for each lender 

 

Highly customizable instruction lists to extend the process from one servicer to another 

 

High multiple servicers to call per loan payoff ratio

Closing Disclosure Automation

accurate data extraction

When it comes to closing disclosures, data extraction, particularly consistent and accurate data extraction, is key. Bogged down by legacy systems, highly manual processes and incorrectly extracted data, the result is often significant delays to a successful closing process. With Neostella’s prebuilt RPA solution, you will have peace of mind knowing that the important data needed for insertion into Loan Origination or Title Management systems is extracted accurately the first time around. Want to learn more? View our demo here.

Benefits of the RPA closing disclosure automation: 

  • Speed: Bots identify, match, and extract data in seconds
  • Accuracy: Bots extract data error-free for increased efficiency
  • Intelligence: Our bots can process data other automations cannot 
  • Analytics: Our bots can dive deeper into data points than our competitors
prebuilt RPA solution for investor stipulations

make more time to grow your business 

The life cycle of a loan does not begin and end with the loan application. Consider the lengthy and inefficient process of managing investor stipulations, which requires hitting many manual different touchpoints to complete. With UiPath Robotic Process Automation, our bots take over this tedious task by inputting open stipulations into loan borrower files and LOS systems. Bots are the ultimate worker bees, so they manage the hive while your employees can focus on higher ROI activities. See how it works in real time! View our demo here.

Here’s how it works:

prebuilt solution for ordering flood certifications

simplify your closing process 

An important but tedious task that is extremely timely to the closing process, our prebuilt solution utilizes UiPath Robotic Process Automation to automate ordering flood certifications — so you can rest assured knowing that these important certifications are being generated while loan officers are freed up to focus on other, just as timely, tasks. Interested in learning more? View our demo here.

  • prebuilt  

    With prebuilt libraries that are compatible with both user interfaces and APIs, we can simply match to your business processes to make adoption easy. 

  • on-time closings

    Integrating UiPath RPA with the flood certification process ensures that the step is never missed, eliminating the risk of delayed closings

  • time-savings

    Loan officers churn out on average 10 flood certifications an hour. Bots can order flood certifications in a fraction of this time, saving your organization valuable time and resources.