Articles
Support Strategic Planning with an Audit of Mortgage Software, API Capabilities
Fall signals the start of strategic planning for many lenders. With 2022 around the corner, mortgage lenders and servicers are evaluating how their business has changed over the past 18 months. More importantly, they should be planning how to best grow as the nation continues to adapt to the changes wrought by COVID-19.
A key part of strategic planning is identifying the mortgage software that lenders and servicers will need to meet their goals. Like in past years, they will perform the due diligence required to choose the right vendor partners, but it is easy to be distracted by all the new options on the market without a clear guide.
Leaders need to include software audits in their strategic planning process. A good software audit sets the stage for effective budgeting and decision making this fall. Leaders should analyze the company’s current Application Programming Interface (API) integrations to existing mortgage software. By connecting mortgage servicing software and loan origination software with other key functions, these API integrations streamline the full scope of mortgage operations.