Tech to the Rescue.

The subprime market crisis has unavoidably affected mortgage technology by creating a growing demand for innovative responses to old problems. Such demand is generating more effective risk assessment and management tools, more accurate credit evaluation and repair options, or other products that help the industry move one more inch forward towards achieving fully paperless processes. For instance, SunTrust Mortgage re-engineered its business aiming to increase efficiency through a new tool, the Pyramid Loan expeditor. It single handedly helped increase volume by 40%. In Los Angeles, Jamison Law Group is using credit management software that helps mortgage originators offer credit repair services. Elsewhere in the country regulators are engaged in efforts to further streamline the mortgage servicing ...