Everyday unsuspecting borrowers, lenders and 3rd party providers are being targeted by cyber criminals in the dark web who are patiently building out their attack one transaction at a time. Cybercrime a growing industry with 2018 estimations to be $9 Billion up from $5.3 Billion in 2017.
When it comes to technology and the mortgage industry, change is the name of the game. Technology has enabled automation, which has led to borrowers
Most banks and credit unions are fighting for the same mortgage lending business and borrowers, but are they succeeding? No one likes to be bombarded with advertisements and offer emails, especially in mortgage marketing. So how do you promote your mortgage lending business and provide the optimal borrower experience without annoying your customers?
While technology is all the rage in the real estate and lending industries, sometimes it’s hard not to lose the human touch in all the digitization. Enter BombBomb: the video email solution that speeds up rapport building throughout the mortgage lending process.
Through other consumer experiences, borrowers have been conditioned to get what they want when they want it. Now with mobile applications for mortgage technology gaining traction in the industry, lenders are able to turn this fantasy into reality throughout the mortgage process.
Companies big and small have one thing in common: in order to succeed, a clear strategy for the future must be in place. With rapidly evolving loan origination softwares and continual industry shifts, a strategy that is rooted in your company’s mission and objectives (and not in fleeting trends) is necessary for long-term profit.
Finding the right balance between human interaction and technology is the sweet spot for profitable businesses. If technology can help automate manual, tedious work, then it may allow employees to concentrate their efforts on more meaningful tasks.
Every business wants to maximize profits while maintaining loyal customers and happy employees. So how can assessing the proper technology aid in developing a roadmap strategy?