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Tech Can Help In Tough Market.(impact of technology on financial services)(Brief article)
Orlando, FL -- As more and more lenders shut their doors and overall volume slips, there is light at the end of the tunnel. Several panelists at the 11th Annual SourceMedia Mortgage Technology Conference here shared concrete strategies that can help lenders in the current down market.
"Now is the time to re-examine your business model," said Chris Jabbal, former chief information officer at Washington Mutual. "From there, lenders have to decide how they can support that business model and apply technology to be more efficient. One big focus in the market today is a shift to automating the backend by doing more concrete disclosures on 100% of loans. It's about making the process more auditable."
In fact, strategies to ensure better risk mitigation were a topic discussed by several speakers.
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Source: HighBeam Research, Tech Can Help In Tough Market.(impact of technology on financial...