On this episode of Coffee with Cadence we check in with Jerry Melia of LoanBeam to discuss self-employed borrowers.
"The mortgage lender’s technology stack is critical to the lender’s ability to reduce overall operating costs. Even more important than the capabilities themselves is the team of technology experts standing behind them to support the lender."
"Communal offices will see a comeback... However, it probably won’t happen quickly. There will be a period of time when much of our commercial real estate is empty. This is a real opportunity."
"This is a fantastic opportunity for lenders to be recalibrating with technology partners to ensure they have right capabilities configured... and the lender is taking full advantage of their partners’ technology innovation."
"While it can be tempting to take all the credit for the success we’re enjoying today, there are underlying reasons for what we’re seeing. Understanding these drivers will allow us to be better prepared for what is coming next."
Each episode, we feature guests from our integration partners to provide a well-rounded perspective from experts across various verticals in the mortgage industry.
"Today, only a fraction of industry business is coming through [consumer direct], but... lenders that want to be prepared for the future will invest in technology that will... allow them to... go consumer direct when they ultimately need to."
“It may surprise many to learn that to succeed in the future, we’ll have to spend less time focusing on the borrower experience at the beginning of the transaction and more time focusing on our own back-office efficiency.”
“The industry has long needed a solution that securely connects, automates and simplifies the closing process. We’re pleased that Vantage Point recognized this need and chose to invest in our comprehensive solution.”