Fully electronic, completely paperless mortgage lending is here. PA lenders are some of the very few who can easily make the transition.

Why paperless? Three reasons. First, fully electronic lending keeps every party to the transaction fully informed in real-time. Credit union staff, whether in the main office, at a branch, working from home or away at a conference, are never out of touch, never wondering what happened with a particular loan, never questioning what to do next. Members find themselves in the same, informed position. "Is my appraisal finished?," is now a question you've answered before it's asked. Mortgage lending, once an information-starved process, is now information-rich. Everyone's up-to-date in real-time, on their terms. Go paperless for this reason alone.

The second reason, of course, is the greater efficiency, lower cost and better member experience that underlies keeping everyone fully informed. Electrons move faster than paper, always have, always will. Paperless lending will have you closing loans faster than you ever imagined.

Finally, paperless lending is environmentally friendly. Traditional mortgage loans consume three to five pounds of paper each.  While this is an overly simplistic statement, every 600 loans we close devours 17 trees. Make your plans to go paperless with Prime Alliance's RLC and LFC.  If you have them both, all you need to do is name a project team and engage the help of your PA Customer Care Team and Fannie Mae.  Not using the LFC just yet?  Contact your account executive today.