Product Type: Market Research Report
Published by: TowerGroup
Published: November 2005
Product Code: R301-869Description This TowerGroup Research Note describes recent innovations in the loan closing document preparation (doc prep) process, explains the evolution of the outsourcing of the doc prep function, describes the leading document preparation and electronic delivery vendors, and analyzes the new technologies that are making the doc prep process more efficient.Table of Contents - TowerGroup Take-Aways
- Report Coverage
- Overview of the Loan Closing Process
- Contents of the Loan Closing Package
- Doc Prep: At the Finish Line in Closing the Loan
- The Evolution of Document, Doc Prep, and Document Delivery Vendors
- Exhibit 1: Vendor Segments and Core Competencies in US Loan Document Creation, Packaging, and Delivery (2005)
- The Rise of Doc Prep Companies
- Secure, Electronic Loan Document Delivery Systems
- Closing Document Preparation and Delivery in Loan Origination
- Exhibit 2: Automated Loan File Creation, Document Preparation, and Delivery Shortens Lending Cycle
- Wholesale Mortgage Lending and Closing Document Delivery
- Loan Document Delivery: Courier, E-Mail, and the Internet
- Internet-based Electronic Document Delivery Saves a Day
- Exhibit 3: Advanced, Secure, Loan Closing Document Delivery Cuts One Day from Loan Closing Process
- Leading Loan Document Suppliers, Preparers, and Delivery Vendors
- Exhibit 4: Market Shares for US Mortgage and Home Equity Loan Document Suppliers (2004)
- Document Preparation Vendors
- Electronic Loan Document Delivery Vendors
- Paper Closing Document Deliveries Are Declining
- Exhibit 5: US Mortgage Loan Closing Document Deliveries by Delivery Method (2004-08P)
- Electronic Closing Document Delivery: Technology Outlook
- Summary
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