DocuTech CEO: It's Tech Investment Time

With interest rates rising, now is the time for companies in the subprime market to consider investing in technology, according to Ty Jenkins, owner, founder, and chief executive officer of DocuTech Corp.Mr. Jenkins joined Elizabeth Green, chief information officer of Paragon Financial Corp, at the last panel of the Subprime Lending Symposium in San Francisco to discuss the use of technology to mitigate compliance risks. "Take advantage of the opportunity today," Mr. Jenkins said. "Four years from now, interest rates will be dropping again and there will be even greater volume. Make sure you're prepared." While everyone wants to increase volume, Ms. Green said it's important to maintain a strong business operation while taking advantage of new opportunities in technology. She advised those in the industry to look at where their business is today and where they see themselves going. "Technology is stronger than ever," she said. "But it is not a magic bullet. It is part of the overall design. You are going to have to spend money and invest time to make it work for you."