Better Tech Will Help Housing Agencies Better Service Their Communities
MORTGAGE ORB BLOG VIEW:
Mortgage servicing has become more complex since the housing bust of 2008. Servicers have seen an increase in regulations and responsibilities. Being able to automate routine processes and reduce errors is vital to being successful in modern-day mortgage servicing. This is especially true for housing agencies.
Housing agencies exist to increase homeownership – especially for those consumers who do not qualify for loans typically offered by banks and credit unions. Because of this, housing agencies often service multiple loan types, both residential and commercial, with strict reporting requirements and regulations dictated by the government agency that created the loan program. Servicing software that allows housing agencies to meet their monumental reporting requirements and the increasing needs of investors and borrowers quickly and efficiently is in high demand.
For the full blog go to Better Tech Will Help Housing Agencies Better Service Their Communities