Loan and Mortgage Processing

Annapolis Technologies eliminates the paper headaches from the mortgage loan process and streamlines the business process to reduce costs, increase accuracy, and increase efficiency. Eliminating paper and creating digital processes is an easy way to increase efficiency, and reduce operating costs. Annapolis Technologies optimizes existing processes and systems by eliminating redundancies and maximizing the efficiency of digital data.

Annapolis Technologies processes ensure that records are always secure, traceable, and retrievable. Annapolis Technologies’ solutions leverage their wide range of document capabilities and outsourcing services. A continuous focus on optimization and ROI ensures that tailored solutions don’t break the bank.

Annapolis Technologies transforms linear mortgage file processing into a virtual process by incorporating an imaging solution at the beginning, transforming a paper files to digital records. The digital format provides flexibility, allowing employees to work on any part of the loan process at any time, resulting in increased productivity and accuracy and reduced processing time and costs.

With integrated data capture solutions, Annapolis Technologies can assure data integrity in the mortgage servicing system and help reduce bottlenecks in areas like post closing. By combining imaging services and data capture services, Annapolis Technologies can even reduce the time to sell loans to the secondary market.

With an Annapolis Technologies loan and mortgage processing solution, you can compress process cycle time, decrease processing costs by as much as $3.00-$4.00 per loan, reduce processing complexity, and maintain or improve accuracy/completeness of the images.

Settlement Records

Annapolis Technologies converts historical settlement records into a digital format compatible with existing title management software, increasing the value and effectiveness of software. Annapolis Technologies’ quality-oriented, affordable solution amplifies the benefits of title management software systems.

The importance of historical record conversion

Maintaining digital and paper title record systems is cumbersome, inefficient, and can lead to misinformation and errors. Paper filing systems are insecure, subject to physical damage and less accountable security measures. Paper filing errors can lead to additional time tracing documents or actually losing records. Title management software is only as good as the data that is in it. Annapolis Technologies integrates historical records into existing title management systems and day-one forward data providing a single filing system and single source for pertinent patient data and history.

Security
Title records are secure and traceable throughout the conversion process. Once converted, the security of all records is incorporated into system-wide IT back-up and security processes. Additionally, security of all records is easily increased as title software systems are upgraded, providing continual advances in security, unavailable in paper filing systems.

Flexibility
Annapolis Technologies’ title record conversions are customizable to meet individual needs. Record scanning can be completed all at once, in batches, as needed, or scheduled over time. Records are retrievable throughout the conversion process in as little as 4 to 24 hours, depending upon your needs. Depending upon your title software, records can be uploaded into your software, appended as images to individual records, or stored as separate records in an external searchable archive. Depending upon the size of your existing database and the upload file, the records can be stored on your main storage drive, or on an external RAID.

Affordability
Record conversion can be less expensive than long-term paper storage, as file storage space is truly eliminated and office staff can manage more electronic records per person than paper. Title software investment is truly leveraged with the conversion of all records. And Annapolis Technologies’ flexible options can develop a conversion process that fits different budgets.