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Home | Blog | The Key to Faster Mortgage Closings? Outsourcing

The Key to Faster Mortgage Closings? Outsourcing

By Arthur Dustin Demain

Updated on July 31, 2025

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Profitability is always the name of the game among mortgage lenders. Mortgage lenders must ensure they have multiple strategies to attract potential property owners. Unfortunately, attracting potential property owners is easier said than done. Mortgage lenders also face tremendous challenges, especially when it comes to balancing their heavy workload daily. Fortunately, there are plenty of companies that offer to outsource mortgage loan processing services nowadays. There is a need for mortgage lenders to outsource mortgage loan processing services​ to increase productivity. When mortgage lenders are more productive, they have a better chance of converting potential customers into property owners.  

Benefits of Outsourced Mortgage Loan Processing Services

  • Improved Efficiency: Most providers of outsourced mortgage loan processing services are already using the latest digital tools. These digital tools make the mortgage loan processing faster and more convenient for the customers. Customers can easily check the status of their mortgage loan application digitally at any time. Thus, there is no doubt that the presence of digital tools makes mortgage lenders more efficient. 
  • Better Decisions: Mortgage lenders become better decision-makers through outsourced mortgage loan processing services. The reason is that most providers of outsourced mortgage loan processing services already use analytics to guide them in their decisions. Thus, it becomes possible for mortgage lenders to know which mortgage loan applications to approve by considering what the data says. When mortgage lenders make the right decisions consistently, their goal of profitability becomes more attainable.   
  • Satisfied Customers: Customers certainly appreciate the fast processing of their mortgage loan application. Unfortunately, not all mortgage lenders have the capability to do this, which leads to frustrated customers. Thus, availing of outsourced mortgage loan processing services becomes the best option for struggling mortgage lenders. Making this decision will help mortgage lenders to finally have a smoother mortgage loan application process, which their customers will appreciate.    
  • Reduced Costs: Mortgage lenders can save a significant amount on infrastructure and staffing costs through outsourced mortgage loan processing services. These cost savings are advantageous for mortgage lenders because they now have funds to use in the future. Given the mortgage industry’s unpredictability, cost savings are essential for mortgage lenders.   

Why Choose Magellan Solutions for Mortgage Loan Processing Services?

  • Improved Productivity: We understand that most mortgage lenders experience tremendous challenges in achieving productivity. Mortgage loan processing can be time-consuming and exhausting for mortgage lenders because of their limitations. The good thing is that we can help mortgage lenders improve their productivity once they hire us. We can take over the mortgage loan processing for mortgage lenders, allowing them to focus more on their core activities. 
  • Reliability: At Magellan Solutions, we have competent people who can process mortgage loan applications effectively. We regularly train our people to ensure their knowledge and skills in processing mortgage loan applications continue to improve. Thus, it should not be surprising anymore that our clients are always impressed with our reliability. Our goal is to consistently meet the expectations of our clients, regardless of the circumstances. 
  • Scalability: We recognize that mortgage lenders have varying needs regarding loan processing services. The good thing is that our outsourced mortgage loan processing services are scalable enough to meet our clients’ needs. We collaborate with mortgage lenders to identify the most suitable outsourced services for their needs. Thus, we always deliver according to expectations, and our clients are always satisfied. 

The Bottom Line

Mortgage lenders outsource mortgage loan processing services to become more productive. It is just easier for mortgage lenders to reduce their costs and make better decisions through outsourcing mortgage loan processing services. However, the challenge for mortgage lenders is to determine the right outsourcing partner because this is easier said than done. There are numerous outsourcing providers today that make false claims. Thus, mortgage lenders must do their due diligence so that they can make the right decision eventually.

Interested in Mortgage Loan Processing Services?

Magellan Solutions is a provider of inbound and outbound call center services, as well as business processing outsourcing, in the Philippines. The company has extensive experience in providing best-in-class outsourced solutions to small and medium-sized enterprises (SMEs) as well as large global enterprises. Combining unrivaled expertise and capabilities across industries and business functions, we bring fresh and new approaches to strategies and operational performance of business operations by delivering the right BPO and customer management solutions that span the entire customer lifecycle.

As a leading business process outsourcing provider of customer management solutions, we are committed to delivering an outstanding customer experience with every interaction. Visit Magellan-Solutions.com to learn more about our mortgage loan processing services. You can also contact us now and receive a complimentary 60-minute consultation.

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