Here’s one guy’s view of the future of mortgage origination.

” The major market meltdown points to all of the sins perpetrated when you reduce the steps required to properly validate and verify information,” Anderson said.

In the future, Anderson says the LOS will:

““go from a manual people and paper validation process to a more automated and electronic verification process to trusted databases.

““build in the investors’ underwriting process and requirements right at the time of qualifying a borrower, then automatically key up the automated steps to process against them.

““integrate eSign capability

Once the borrower’s information is validated, the future LOS will feature an Electronic Doc Management (EDM) paperless processing system to support the tracking and versioning of documents and the entire loan file throughout the process.

It all sounds plausible to me.