The following is an excerpt from the June edition of Mortgage Technology magazine. To read the full story and much more,
When a lender decides it’s time for a new loan origination system or other piece of mortgage technology, many executives quickly see that it’s not a difficult decision to go with a software-as-a-service offering.
But lenders are finding the options go well beyond picking between a SaaS or installed license model for their new tools. The world of SaaS products can be divided broadly into two categories: browser-based, also called Web applications, and smart client applications.
The differences between the two each have their pros and cons. Meanwhile, emerging products often blur the distinction, creating a sort of hybrid offering—which has many technologists asking themselves not just which is better, but where the future of this technology is headed.
When it comes to Web and smart client applications, neither option is an out-and-out winner. It depends largely on the purpose and task a piece of software is designed to handle. It’s like the difference between the retractable pens that have a number of different ink colors and a calligraphy pen. Like the rainbow of colors on the retractable pen, Web browsers are powerful multitaskers. The smart client, like a calligraphy pen, is a custom-designed to accomplish a single task.
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