ARM (Adjustable Rate Mortgage) calculated and posted to a General Ledger daily by bots created at Ginni Mae.
Ginnie Mae (Government National Mortgage Association) is using Robotic Process Automation (RPA) to calculate daily ARM (Adjustable Rate Mortgage) rates, to perform daily updates of the Ginnie Mae General Ledger and to assist with commitment authority reconciliation. Full story.
- 99 manual steps done in a few minutes by an RPA bot.
- A reconciliation process that takes 38 steps and 45min – 1hr of several specialists time each day is now fully automated..
- Another reconciliation which took 21 manual steps is now done in 2 minutes.
- No errors.
For more information about the vendor that provided this solution here