Artificial Intelligence Improves Profitability, Efficiency, and Customer Experience

Home / Blog / Artificial Intelligence Improves Profitability, Efficiency, and Customer Experience

Posted To: MND NewsWire

Mortgage lenders have been increasingly reporting tighter margins as costs rise for each actual loan transaction. In the last few years the principal reason behind this as revealed in Fannie Mae's quarterly Mortgage Lender Sentiment Survey has been increased competition for customers. As the demand for ref inancing has fallen, purchase originations have not yet been able to pick up the slack, exacerbating the situation. The survey has found lenders are working to improve efficiency to cut the cost part of the profit equation. Outside of the mortgage industry, businesses are increasingly turning to digital technologies to reduce errors, cut costs, improve customer service, and speed up transactions. Among those businesses that deal with large amount of data, Artificial Intelligence, including...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.



Source: http://www.mortgagen...

d92b9c54 cb01 49c6 9265 4328875b6128 76de9fd0 5ef2 41d7 ad09 470dae5e2312 26a81e2c c679 4339 b7f1 0e2c1cfeaeba 97201f67 0928 4166 a70f cca99ddcf97e 3e6d5bca 0a49 44ad bd98 cfc86b6ccdd0 2f07ee13 0a67 4227 9aa9 4da5c73587a9 aa262e2d d757 4289 8543 3f350612d969 2ab68c1a b8b6 439a 92d6 14ad643d90e4 2dbf9fae 412c 4b04 afd8 ee5c9236f453 70f3bdef 59f0 4c57 a73d 6bff9dcd5d6c 8d51176e ba54 43be a8a6 6e6c58ee62ad b08b0bad 0338 4000 aa18 5e4f94e35af0 d9ab37c5 74aa 41d8 9c84 4a1be2c6a2c1 b663879e 8572 4c87 bf40 3aacdfc8a959 3dd6b04b 6e8e 4ee1 83d7 d24a7e7b55ad 572e15f0 4569 4813 b39f 7918c1f88961 886e2b65 de90 42ce 88c9 960c4645d48e 901a0d62 a24b 46f9 8322 51b9242d0bf1 e9135e5c 1d54 4bc5 a097 a8fd4c0b879b 76ec8aab ed6b 4481 888c 6b55a314c39c 1db59fb1 28e4 435e a948 8f39fc5b4718 f95f294d c5fd 4e55 b5d6 8237956cc649 049ac85f a0aa 41a5 9235 98cd41e455a2