Survey: Doc Images in Underwriting Critical

Using document images in the mortgage underwriting process is the most critical component of going paperless, according to an annual survey by Atlanta-based Advectis Inc.Advectis said 92% of its survey participants cited the use of document images in underwriting as critical to moving toward a fully electronic mortgage. The survey also found that 70% of respondents said it is very important that new technology integrate with existing systems, and 64% said it is very important to have a Web-based solution. In addition, enabling collaboration with other mortgage market participants and functionality throughout the loan processing life cycle were both cited as very important by 56% of the survey respondents, Advectis reported. The company can be found online at http://www.advectis.com.