The mortgage transaction process become more efficient through the use of smart technology. In the application process, users now have immediate on-line access to credit reports and instant flood determinations and Automated Valuation Models (AVMs). In the underwriting process, Fannie Mae, Freddie Mac and others are using automated underwriting programs, allowing lenders to approve mortgage applicants in minutes.
But with all of these advances, one important piece of the process had yet to be modernized – fast delivery of title reports. RDC was incorporated in 1997 with the goal of automating this process. This patent-pending system was developed and tested for three years before its initial launch in December 2000. Since then, the RDC system has been updated and new products have been developed, providing our customers with the tools they need to be competitive in the mortgage banking sector.
Read about the Careers available at RDC.