[45-minute Webinar] The First Mile- Single Family Loan Document Processing in 37 Minutes

CHFA and Buddha Logic Share How to Reduce Loan Processing Time From Days to Less Than One Hour

With a focus on community development and affordable housing, CHFA has been serving Colorado’s homeowners since 1973. CHFA partners with a network of participating Colorado lenders to assist homeowners through mortgage programs, grants, down payment support, closing cost assistance, purchasing and refinancing loans. With so many loan applicants, CHFA sought to improve processing times through implementation of a secure document delivery portal. Through the use of Kofax Transformation Module (KTM) software, Buddha Logic designs a content management strategy to transform and automatically classify these incoming documents digitally. Further improvements were made to the document capture process with the use of analytic software and identification of key performance indicators (KPIs). By tracking how long a document spends in each step of the workflow and reducing the lag time spent between steps, CHFA achieves incremental improvements in document processing time. Without increasing headcount, CHFA sees almost a 50% increase in loan processing volume. This Webinar was hosted on 02/22/2017.

Through the use of Kofax Transformation Module (KTM) software, Buddha Logic designs a content management strategy to transform and automatically classify these incoming documents digitally. Further improvements were made to the document capture process with the use of analytic software and identification of key performance indicators (KPIs). By tracking how long a document spends in each step of the workflow and reducing the lag time spent between steps, CHFA achieves incremental improvements in document processing time. Without increasing headcount, CHFA sees almost a 50% increase in loan processing volume.

Presenters

Charles Weidman, President and Founder of Buddha Logic With more than 20 years of experience in Records and Information Management, Charles is an Enterprise Architect specializing in the design, development and implementation of Enterprise Content Capture, Content Management, Records Retention and Smart Process Applications/Solutions.

Brian Mueller, Manager – Integrated Records Management at Colorado Housing and Finance Authority (CHFA) With a background as an Analyst and in Information Technology, Brian has spent more than ten years at CHFA improving operational efficiency through the deployment of Enterprise Content Management initiatives.