Decreasing cost to close involves many moving parts. Nailing the always moving target that is compliance is essential to pulling the profit lever.
"And just like that, with the exchange of a few emails, possibly never having met with your borrower face-to-face, your origination process is underway and the mortgage collaboration has begun."
New regulations that come with TRID 2.0 By: Amanda Phillips for Today's Lending Insight Over a year in the making, TRID 2.0 was finally released on July 7, 2017. With an effective date 60 days after the final rule is published in the Federal Register, and a mandatory compliance deadline of October 1, 2018, the […]
It’s easy to translate that into education regardless of whether it’s face-to-face or through automation.
One of the 5 key metrics to monitor if you're looking to increase your profitability in mortgage lending is your Pull Through rate.
In every business there are key performance indicators (KPIs) that matter. These are the ones that guide decisions and help measure success. Without them a business is like a boat without a rudder, just drifting and bobbing – at the mercy of the tide. We know that profitable mortgage lending happens when you track 5 […]
He shares his tips on how to bridge the gap between growth objectives and mortgage lending technology that supports a great borrower experience.
At Digital Mortgage 2017, over one thousand of the mortgage industry's most innovative executives gather to gauge which innovations drive the industry forward. After each round of demos, attendees vote for the solutions they think are most likely to succeed. Furthermore, with over 40 participating companies, Mortgage Cadence was designated as one of the top five […]
Smart means many things to many people, but for the purposes of services it means you must have a secure, efficient and
scalable way to collect, order, receive, examine, present, deliver
and archive the data and documentation you need within the system of record.
“The IT department can only go so far. Everyone says they follow procedures, but if you question them closely they will acknowledge making exceptions.”
In the study, participants cited a number of reasons for not yet reaching their digital mortgage goals, with about 44.1% blaming current internal technology limitations.
"Fintech has been an underinvested segment and lenders’ interest in spending to improve digital outcomes is driving investment into mortgage technology."
"In order to satisfy all segments of the market, the survey results suggest a reasonable balance between automation and human interaction needs to be established."
There is ample opportunity to create a unique combination of internal resources, software vendor resources, and third-party partner resources to best fit priorities and budgets.
These professionals are often the cornerstones of companies in lending, servicing, investing or real estate, and we’re happy to shine the spotlight on their efforts.
