Mortgage Software Solutions Blog

Mortgage companies gather loads of personal data from applicants and customers, making the security measures they put in place of the utmost importance. Traditional IT systems provide little (if any) protection from security breaches, theft or loss of hardware, or unexpected disasters. As a result, mortgage firms need to find solutions that will keep both their and their clients’ information safe.

As a lender, are you protecting the privacy and personal information of the borrowers you serve? Data security is a vital responsibility that you take on when you accept personal information from your clients.

The pace of software solutions and technological upgrades in the financial market has been remarkable. There are countless Software as a Service (SaaS) solutions now available to help manage, distribute, and optimize financial products and mortgage data. While each solution has a specific benefit, the combination of them all can create significant conflict and dissonance between systems. As a result, more and more mortgage companies are finding themselves in need of a cost-effective data interface solution that can create better data harmony.

Credit unions and mortgage companies are entrusted with some of clients’ most private information. From social security numbers to bank statements, it’s imperative that those companies are taking measured steps to protect borrowers and their private documents from cybersecurity threats.Often the borrowers themselves place their information in jeopardy when they send non-public information via unencrypted emails. This places many lenders in a predicament. Somehow, they must maintain trust, security, and compliance, without sacrificing client efficiency and convenience. Though achieving this balance was once a problem for mortgage companies, there is now a tool available that can do just that: DocumentGuardian.