During an ABA Real Estate Lending conference in Baltimore on how banks can do more mortgage lending business, a rocket scientist from NASA, who is now in housing, says what we’ve all been thinking. Per Optimal Blue:
One of speakers was talking about assisting a lender with designing a proprietary processing system. The CTO of the bank was a former rocket scientist from NASA. They hit a rough spot and everyone was getting frustrated and angry. The speaker said to the former scientist. “This isn’t rocket science” to which the rocket scientist replied “you’re right, it’s worse! When we launch a shuttle we have over 2 million lines of code but we only have to accomplish one thing….safe flight. These processes are so complex that it is worse than rocket science”
