Mortgage servicing is generally not considered a scientific endeavor, but a new article on MortgageOrb suggests it will be in the near future.
As investors seek safer bets and loss-wary lenders and secondary market players seek certainty, data analytics and new tech platforms are about to become the rage.
As MortgageOrb reports:
In today's mortgage business, modeling and automated decision-making - from automated underwriting to optimal outcome default decisioning - have become growing trends within the industry and within the servicing sector in particular. We are truly entering a new era of mortgage science, as the fine art of analytics continues to become more sophisticated out of necessity and demand due to the nature of the risks involved in the mortgage continuum.