WFG Lender Services has released MyHome Exchange, a technology suite that was developed specifically for use in the mortgage refinance segment.
“Building on the popularity of the original MyHome offering, MyHome Exchange will solve similar problems in the refinance space, which have been exacerbated by the huge volumes we’re now seeing,” says Dan Bailey, senior vice president of WFG Lender Services and WFG Enterprise Solutions. “We designed MyHome to be intuitive and simple for borrowers to understand as they move through the collaboration process.”
MyHome brings mortgage transaction participants together within a single, easy-to-use ecosystem, enhancing communication and transparency, resulting in a better borrower experience. MyHome streamlines the loan process and enhances throughput by eliminating duplicate touchpoints, enabling proactive communication and facilitating data and document collection, storage and sharing.
In addition to providing a convenient, secure and intuitive self-service environment for enhanced transparency, MyHome increases operational capacity by collecting and delivering documentation and information in a secure repository, enabling the processing and closing of more loans. It also reduces application-to-close turn-times, eliminates operational waste, and improves lender throughput.