Mobile And Commercial Mortgages

*Mobile And Commercial Mortgages*
**By Tony Garritano**

TonyG***It has been a while since I last shared news about mobile technology penetrating the mortgage space. I recently learned of an interesting use of this technology in the commercial mortgage space. In this case, Real Integrated Technology, LLC has entered into a relationship and begun early adoption testing of its Commercial Site Inspector, (CSI), a mobile site inspection platform, with StanCorp Mortgage Investors, LLC (SMI). The ability to reduce the time it takes to perform a commercial property inspection, improve accuracy, and connect to its servicing system led the company to opt to proceed with additional field testing of CSI.

****SMI is a subsidiary of StanCorp Financial Group, Inc., a provider of financial products and services. SMI has a loan portfolio that includes approximately 6,500 loans, valued at $8.3 billion as of June 30, 2013. SMI currently sources and services the vast majority of their loans through an independent correspondent network.

****“We are very pleased that SMI has recognized the benefits of CSI and has decided to test the platform, evaluate its performance, and experience first hand the advantages it delivers to users,” said Mark Chrisman, CEO of Real Integrated Technology. “The result is that the firm will be able to quantify for itself the efficiency gains our inspection platform provides to the company and the industry.”

****“I am excited about the potential of the new technology which incorporates the efficiencies gained during the inspection by using the iPad, and the ability to directly and easily integrate the data into our servicing platform,” said Gregg Harrod, AVP, Operations at SMI.

****Consultants use CSI because it reduces the time that inspections require while improving their performance. “As an inspector, receiving and completing inspections on the iPad has greatly improved my efficiency by eliminating the need to return to my computer to capture my notes and pictures,” said Matthew Fisher, CEO and Chief Inspection Officer at California Property Inspection.