Best automation opportunities for loan processing

Join our expert panelists to learn how lenders can achieve their goals using the integration of intelligent document automation and RPA technology.

4 Strategies to Strengthen Customer Relationships

Discover the right strategies to execute fast-acting campaigns, track results and improve your bottom line – all while strengthening customer relationships.

HousingWire's 2021 Spring Summit

We’ve gathered four of the top housing economists to speak at our virtual summit, a new event designed for HW+ members that’s focused on The Year-Round Purchase Market.

An Honest Conversation on minority homeownership

In this episode, Lloyd interviews a senior research associate in the Housing Finance Policy Center at the Urban Institute about the history and data behind minority homeownership.

Fintech

What fintech does your company need in 2021?

Examining build versus buy

Housing-2021

2020 served as a real litmus test for mortgage technology and fintech. Between having to transition whole teams to work from home — in some cases over just a weekend — to dealing with crushing origination volume, companies could clearly see the advantages or disadvantages of the technology they had invested in. 

For 2021, I talked with Scott Petronis, principal of Xcentric Consulting and one of the architects of HousingWire’s HousingStack ecosystem, about three areas of fintech he’s keeping an eye on in the new year.   

End-to-end tech vs disparate tech solutions

The age-old dilemma of build versus buy has morphed a bit in the last few years, as even companies who do a prodigious amount of in-house development are seeing a need to integrate some outside solutions. Today the conversation is more about whether to choose an all-in-one solution or piece together separate best-in-class solutions. 

Petronis said that there’s no right answer on this question, it’s just a matter of where a company wants to deploy its resources.

“My bias on this topic is to try to build a system out of individual best-in-breed solutions, as opposed to relying on a single vendor to run your business,” Petronis said. “But that advice has caveats. Integrating those best-in-breed solutions typically means you have to be able to do some level of integration yourself, so it’s typically more effort. You have to figure out what best means, identify the best vendors and have the capability to do those evaluations.

“Once you layer on the regulatory constraints, you really need an in-house team capable of doing that, or a trusted partner/consultant. It can be daunting if you don’t have the resources, time and skillset. 

The rest of this content is for HW+ members. Join today with an HW+ Membership! Already a member? log in

HW+ includes weekly long-form digital content, HousingWire Magazine, access to HousingStack, and free admission to all HousingWire virtual events.

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