These days, more and more mortgage companies are beginning to implement a mobile workforce. However, with this newfound mobility comes a number of potential security risks. When mortgage loan officers need to access or enter sensitive information from their mobile devices, they run the risk of exposing that information to security threats.

When a mortgage company focuses more on mobile convenience and less on security, this can become a risky routine. While it's easy to tuck security concerns away due to complacency, data can easily get stolen without the company even knowing. It could happen to your own mortgage company, especially if many of your loan officers work away from the office.

While having a mobile workforce provides some welcome freedom to your loan officers, security for your clients, and the company as a whole, becomes a real concern. As a result, your lenders may not feel confident in their tools or their ability to provide secure and reliable services to clients.

Perhaps by now, you've conducted searches to find a security tool that integrates well with the mortgage software you’re already using. However, your search may have run into snags, since many security tools don’t offer the kind of specific protection the mortgage industry needs.

At Access Business Technologies, we've developed MortgageWorkSpace®, a Cloud-based mortgage desktop that integrates perfectly with all common mortgage software brands and, more importantly, provides a means of security like few other solutions on the market today.

Let's see how this tool protects your mortgage business and gives your loan officers peace of mind when it comes to mobile security.

A Managed Cloud for Personal Data

The mortgage business is one industry that requires quite a bit of personal information from its clients. Your loan officers already know that it's extremely risky to take so much financial information from clients and store it in a private server without monitoring.

If you have your own on-site server, you may not have the extra money to pay for proper 24/7 monitoring. You may do this only because operating an on-site server is already enough of a monthly expense.

Using a cloud solution is the answer the mortgage industry has been looking for. MortgageWorkSpace® stores all of your client data in our fully monitored cloud server for full-time protection. However, your data doesn't become more difficult to access like it might with other storage solutions. Your applications are accessible in an instant, from anywhere you have an Internet connection.

Having a holistic security solution in place not only gives your loan officers peace of mind, but also your clients. Knowing your mortgage company takes mobile security seriously will make your clients feel more comfortable giving out their personal information. It's worth every effort that your lenders show your clients exactly what kind of technology they’re using to keep their private data safe. If not, clients could easily get scared and end up heading to one of your mortgage competitors.

Adhering to Consumer Financial Protection Bureau Regulations

The Consumer Financial Protection Bureau constantly updates their rules, and our MortgageWorkSpace® helps you stay compliant with every regulation. It's rare to find other mortgage programs that help you stay up to date on CFPB amendments without mistakes or overlooking recent rule changes. MortgageWorkSpace® makes compliance easy to achieve and maintain, no matter the current regulations.

Your loan officers should also take time to explain all CFPB regulations to clients, so they understand what's at stake and what regulations are in place to protect them. The more your clients understand how you are working to keep their information safe, the more they'll develop a sense of trust in your mortgage company. They'll know you don't place mobile convenience ahead of client security, just to make your team of loan officers more comfortable.

Contact us at Access Business Technologies to learn more about MortgageWorkSpace® and how well it integrates with your current software, while protecting client data. Want to see for yourself? Request a demo below.