Items Tagged with 'mortgage technology'

ARTICLES

The fatal price tag of not investing in digital innovation for Millennials

Here’s where to find the demand
The coveted group of potential borrowers who were born between 1981 and 2000 are a key variable in why financial institutions need to and should invest their capital in financial innovation. If they choose not to, they lose on the next generation of consumers. So where will most Millennials choose to do business? Nonbank financial services, digital platforms and technology providers
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From HW Magazine

Making mortgages more personal through automation technology

Build stronger connections with customers
A funny thing happened while the mortgage process became more automated. Rather than reduce human interaction, which some skeptics anticipated, automation technology is in fact having the opposite effect. It is enabling mortgage lending to become a people-first business once again.
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Mercury Network acquires Platinum Data Solutions

Move impacts more than 950 lenders
In a move that is one of the first of its kind for the industry, Mercury Network, an appraisal management system, announced it acquired Platinum Data Solutions, a QC technology company. In light of the changes, HousingWire talked with Will Clemens, CEO of Mercury Network, and Phil Huff, CEO of Platinum Data, to see how the change fits perfectly into both of the companies.
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[Part two] Ellie Mae: We need to rethink the effectiveness of the Disclosure Desk

The true cost of the disclosure desk
Those in the mortgage industry continue to struggle for efficiency and quality. Yet disclosure desks still manually review borrower documents. It’s an antiquated process that’s quickly becoming a roadblock to the industry rather than a benefit. Continuing from the first blog post, here are two high-level guidelines for making the disclosure process an effective and quality-driven component in the life of the loan.
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[Part one] Ellie Mae: We need to rethink the effectiveness of the Disclosure Desk

The emergence of Know Before You Owe
Those in the mortgage industry continue to struggle for efficiency and quality. Yet disclosure desks still manually review borrower documents. It’s an antiquated process that’s quickly becoming a roadblock to the industry rather than a benefit. So what would happen if the disclosure desk went away?
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Aspire Financial adopts Alight's mortgage tech platform

Platform provides real-time financial forecasts and scenarios
Aspire Financial announced it selected Alight’s Mortgage Lending platform, which will in turn help the company forecast where its business is headed. This latest business venture significantly changes the way the company will handle its expenses, acquire branches and more.
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Realogy Holdings forms tech hub ZapLabs

Focuses on accelerating change within real estate
The latest business venture from Realogy Holdings falls in line with a growing focus of technology in the mortgage market. The real estate company announced that ZapLabs is its new innovation and technology hub. Moving forward, Richard Smith, Realogy's chairman, CEO and president, foresees ZapLabs more broadly focusing its creative energy on the application of emerging technologies.
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