While recent years initially left lenders with little free time on their hands to address internal processes, 2022 has brought about a changing tide for the housing market and mortgage industry as a whole. With the purchase and refi markets experiencing a slowdown, mortgage professionals are finding themselves with more of an opportunity for optimization than in the previous two years.
Although a decrease in demand and a cooling housing market aren’t ideal conditions for mortgage lenders, increased competition could be the catalyst for transformation that will have positive ripple effects for years to come. That is if lenders take advantage of this turn in the housing market to look inward, modernize and enhance the customer experience.
This white paper will examine the growing importance of modernization in the mortgage lending industry. It will provide insight and actionable advice for lenders aiming to maintain a competitive edge by adopting the right tech tools to help profits grow and keep customers satisfied.
Publisher: Service Link
Date: September 2022