A Closer Look at APIs
The mortgage crisis began a decade ago, and yet additional industry regulations keep coming. The lending and servicing business sector have become more complicated to navigate. Enhancements in technology, increased demands from investors and borrowers, and the continuous introduction of new government regulations have resulted in a treadmill of change.
This continual change in the mortgage industry has created an elephant in the room: lack of time and resources. Regardless of the organization size, adding new employees isn't always in the budget. Even if it were, adding staff shouldn't be the only option considered when there are software technology alternatives available to gain operational efficiencies to adapt to industry changes. So how do lenders and servicers successfully capitalize on available technology to achieve these goals?
Read the Progress in Lending article.