Depositories, credit unions and nonbank lenders have different needs from their loan origination software, and smaller lenders are more agile customers.
Maintenance of key mortgage tools requires a nuanced strategy as the full cost will stretch across the tech stack, but inaction could be worse, experts say.
What does the mortgage market look like today? How are innovation, collaboration and technology revolutionizing the lending environment? Sonu Mittal, Executive Vice President and Head of the Freddie Mac Single-Family Acquisitions Division, shares his perspective on how lenders can be more successful and efficient in every part of the loan cycle.
New research from National Mortgage News finds that nonbank mortgage firms are leading the pack of tech adopters, outpacing many financial institutions.
