Lenders Look to Technology Solutions to Increase Profitability

Home / Blog / Lenders Look to Technology Solutions to Increase Profitability

Posted To: MND NewsWire

As profit margins have continued to shrink, mortgage lenders have been seeking to utilize technology to reduce their production expenses which involve in part transmitting large volumes of data among several interconnected parties such as consumers, investors, service provider, and others. In an article in the Fannie Mae Perspectives blog the company's Vice President for Digital Products, Prabhakar Bhogaraju, writes that "Businesses are increasingly leveraging digital technologies to reduce errors and costs, transact faster, and drive a richer and better customer experience. Over the past few years, technological advancements such as artificial intelligence, APIs, and document digitization have gained traction, enabling digital transformation." Fannie Mae's Q1 2019 Mortgage Lender Sentiment...(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...

28af9057 218d 48d3 9009 a5260f50b0d0 5dfc93d3 22ac 4ace ad09 dbf6ad77f0fe 60532c16 9e05 4b25 92de 3b2db9699925 9941c09f 4fac 49c1 a69b b262eea8356e 21f1b4d2 eac2 4d43 ac30 95c02f4a9565 eec2ed72 29a1 42ee 8f1b 1824ae0c04cc 9486b8d9 9ee4 4a65 aa69 e4ba50bece65 28a93b44 e556 40c1 8f15 706c68a93f4b f7d0896f 18b5 43b5 ae56 0d032938d5bc 3b52e97b 6975 4b04 81d0 293e9459e014 dced275d a0f9 45b3 81b9 c2c6f7ac5a72 56da5d72 98de 4a66 b385 d7db5a6f5787 f9092f42 daf2 413a b815 00b530d7c285 5cb0abe0 d97e 4e2e a79e 4790a9f77d4a e35a5ca3 39f7 49ba 91c6 2d22f6dab87e 0504a8b7 06c2 45e8 8679 3354e9d0d29c fb25bba1 1877 4850 92bc 465e71ee5f3e 864447ee 6ef3 473c b755 8322a38845f4 50b5942c 4552 46d4 8481 08ed31867067 cd0b2eb4 eddf 4222 a707 4c6cacb429b5 6b92e470 9c75 4510 a5f4 0be67d91084f 0c6e196b 16d2 4777 9ac8 363bff63e2a6 97482193 1127 4de0 a892 f2edac86d951