In recent times there has been a growing demand for expedited and improved loan originations in the commercial lending market. This has led to lenders embracing automation to boost the productivity of lending officers and make customers happier. The massive improvements in digital mortgage loan origination systems over the years have immensely helped lenders to meet the varied demands of…
The mortgage industry is undergoing sweeping changes on operational front. This stems as a direct consequence of the unrestrained competition in the industry and the growing need for lenders to adhere to stringent compliance requirements. The demand for higher operational efficiency and improved customer service is causing lenders to replace their antiquated business processes and complex legacy systems with innovative…
Just when improving economic conditions, better savings, and lower mortgage rates was turning the housing market around, the emergence of Covid 19’s Omicron variant, on the throes of a New Year, has cast a cloud on the possibility of a complete turnaround. The mortgage trends for the New Year will largely be determined by the US government’s ability to contain…