TowerGroup Spotlights Rising Tech

TowerGroup, Needham, Mass., has released a new report designed to track what it expects to be the leading-edge technologies in the mortgage industry throughout this decade.According to the research, TowerGroup believes that the four technology categories that will have the largest impact on the automation of the mortgage lending process in this decade are: enhanced automated underwriting and credit scoring technology; enterprise document management; business process management; and electronic mortgage closings. In new research titled, "Mortgage Technology: The Next Big Thing(s)," Craig Focardi, a senior analyst in the Consumer Lending & Bank Cards practice at TowerGroup, identifies the drivers that will influence mortgage information technology developments and spending for the balance of the decade. TowerGroup can be found on the Web at http://www.towergroup.com.