Mortgage lenders are facing challenges in the current market with rising costs and interest rates making it difficult to stay profitable. In order to compete effectively in this market, lenders are going to have to be faster and more efficient than ever before. Over the last several years, the mortgage industry has seen a number of new technology products and services aimed at automating every step of the lending lifecycle. But despite progress in other areas, many lenders aren’t taking advantage of the efficiencies to be gained in two key parts of the process, especially in a home equity market: appraisal and title. Lenders can now take control and learn how to combat the rising costs of origination by finding internal efficiencies in valuation and title.
Date: August 2018