{"id":29721,"date":"2023-12-13T17:21:25","date_gmt":"2023-12-13T17:21:25","guid":{"rendered":"https:\/\/mozaiq.ai\/?p=29721"},"modified":"2024-02-21T20:23:11","modified_gmt":"2024-02-21T20:23:11","slug":"2023-going-into-2024","status":"publish","type":"post","link":"https:\/\/mozaiq.ai\/2023-going-into-2024\/","title":{"rendered":"2023 Going into 2024"},"content":{"rendered":"<section class=\"wpb-content-wrapper\"><section class=\"vc_row wpb_row vc_row-fluid  vc_custom_1654495324478 pofo-row-responsive-66438ab3b7614\"><div class=\"wpb_column vc_column_container  col-xs-mobile-fullwidth\"><div class=\"vc_column-inner \"><div class=\"wpb_wrapper\">[vc_empty_space]<div class=\" vc_custom_1702498157015 last-paragraph-no-margin\"><p>As we approach the end of 2023, we wanted to reflect on our accomplishments and to see what\u2019s in store for 2024.<\/p>\n<p>MOZAIQ had a very productive 2023, even with the mortgage market slowdown. We had several new client wins, expanded the relationship with existing clients, and made progress in developing strong strategic relationships with our partners. And, we had a great year when it comes to deploying new intelligent automation solutions that bring tangible benefits to our clients.<\/p>\n<h2><strong>MOZAIQ&#8217;s Checkpoint Audit Platform<\/strong><\/h2>\n<p>We officially launched the <a href=\"https:\/\/mozaiq.ai\/checkpoint-audit\/\">Checkpoint Audit platform<\/a> in Q1 of 2023. Processes that run on the Checkpoint Audit platform facilitate the job of the underwriter, the post-closer, and the loan auditor by enabling higher loan throughput, enhancing loan quality &amp; accuracy, and reducing costs, while improving the borrower experience.<\/p>\n<h2><strong>Checkpoint in Support of the Underwriter<\/strong><\/h2>\n<p>For example, the <strong>Initial Underwrite<\/strong> audits the file for completeness before sending it to the underwriter, so the most valuable resource a mortgage lender has can be as efficient as possible. With the <strong>Appraisal Review<\/strong>, underwriters can automatically assess collateral risk within minutes, while the same underwriter can validate collateral, insurance, and title data and documentation prior to generating the CD (<strong>CD Prep<\/strong>).<\/p>\n<p>By deploying solutions that run on the Checkpoint Audit platform, our clients have seen up to a 70% reduction in loan underwriting time, and a 3x increase in loan throughput, something to consider as we enter 2024 with the expectation of lower interest rates and higher loan volumes.<\/p>\n<h2><strong>Mortgage Fulfillment Automation<\/strong><\/h2>\n<p>We also continued to enhance our mortgage fulfillment automation offerings, including:<\/p>\n<ul>\n<li>Enhancing our industry-leading <a href=\"https:\/\/mozaiq.ai\/processing\/#document-indexing-anchor\">Document Indexing<\/a> platform<\/li>\n<li>Expanding the <a href=\"https:\/\/mozaiq.ai\/post-closing-and-shipping\/#loan-delivery-anchor\">Investor Loan &amp; Service Package Delivery<\/a> solution<\/li>\n<li>Fortifying and optmizing:\n<ul>\n<li><a href=\"https:\/\/mozaiq.ai\/processing\/#loan-setup-anchor\">Loan Setup<\/a><\/li>\n<li>Loan Review<\/li>\n<li>Intent to Proceed<\/li>\n<li>Loan Estimate (LE)<\/li>\n<li>Lock Confirmation<\/li>\n<li>MERS Registration<\/li>\n<li>Email Automation (via LOS integration)<\/li>\n<li>Redisclosures<\/li>\n<li>Third Party Order Outs<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2><strong>100% Process Automation Delivery<\/strong><\/h2>\n<p>In response to client requests, MOZAIQ earlier this year invested in providing expert mortgage resources in conjunction with automation offerings. This has enabled MOZAIQ to add human-in-the-loop services to automation offerings in order to deliver end-to-end solutions, since automation typically only gets clients 85% to 90% of the way there. Clients now have a one-stop-shop where the full solution can be seamlessly delivered.<\/p>\n<h2><strong>Looking Ahead<\/strong><\/h2>\n<p>So what\u2019s the plan for 2024? We\u2019ll continue to enhance the Initial Underwrite, the Appraisal Review, and the CD Prep functions, adding Asset Review and Credit Review offerings, and we\u2019ll be deploying the Post-Close and Pre-Fund Audits. And, we\u2019re working on integrating Gen-AI into the MOZAIQ platform to further enhance and optimize our automation offerings, and strive towards 100% end-to-end automation and reduce the human-in-the-loop component. Look for some exciting announcements early in the year.<\/p>\n<p>Happy Holidays, and we\u2019ll see you in 2024.<\/p>\n<p><em>Note: this blog post was written by a real human and <u>does not contain<\/u> content generated by ChatGPT or any other Generative-AI platform.<\/em><\/p>\n<\/div><\/div><\/div><\/div><\/section><section data-vc-full-width=\"true\" data-vc-full-width-init=\"false\" class=\"vc_row wpb_row vc_row-fluid  vc_custom_1652327203559 cover-background wow fadeIn vc_row-has-fill pofo-stretch-content pofo-stretch-row-container pofo-row-responsive-66438ab3b7a7c\"><div class=\"wpb_column vc_column_container vc_col-sm-12 vc_col-md-12 col-xs-mobile-fullwidth text-center\"><div class=\"vc_column-inner \"><div class=\"wpb_wrapper\"><span class=\"text-extra-large margin-25px-bottom vertical-align-middle sm-width-100 display-inline-block alt-font heading-style3  vc_custom_1697172363676 pofo-button-responsive-66438ab3b7c42  heading-1\"  style=\"color: #ffffff;\">Find out how we can support all of your intelligent mortgage automation needs.<\/span><a  href=\"\/book-a-demo\/\" target=\"_self\" class=\"btn pofo-button-1 button-style6  btn-white btn-rounded  btn-large pofo-button-responsive-66438ab3b7cab\" >BOOK A DEMO<i class=\"ti-arrow-right icon-medium  margin-5px-left no-margin-right\" aria-hidden=\"true\"><\/i><\/a><\/div><\/div><\/div><\/section><div class=\"vc_row-full-width vc_clearfix\"><\/div>\n<\/section>","protected":false},"excerpt":{"rendered":"<p>We wanted to reflect on our accomplishments and see what\u2019s in store for 2024<\/p>\n","protected":false},"author":2,"featured_media":29725,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[71,73,56,72,57,61],"tags":[86,74,85,87],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - 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