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Transforming the Mortgage Origination Process for Borrowers and Lenders
Traders Magazine Online News, October 2, 2019
After watching the success of an online mortgage platform, U.S. mortgage lenders have begun to look for ways to implement a digital mortgage experience that is more seamless and enjoyable for borrowers, and more efficient and cost-effective for lenders. While some lenders have developed their own solutions, others are using point-of-sale solutions provided by vendors, many of which are relatively new entrants into the mortgage lending market. Transforming the Mortgage Origination Process for Borrowers and Lenders, Aite Group’s latest report, discusses some of the key challenges these POS platforms seek to address, and it provides an overview of the key features embedded in these solutions.
“Mortgage lenders are increasingly trying to digitize the mortgage origination process to allow for a better customer experience and create efficiencies that will aid their bottom line,” explains Leslie Parrish, senior analyst at Aite Group. “POS platforms have emerged as a key tool to bring all the moving parts of a mortgage origination together in an organized way that results in a better user experience for all parties involved,” she adds.
This report provides an overview of POS solutions that are starting to transform the mortgage loan origination process into a more digital, efficient, and customer-centric journey. Aite Group conducted in-depth interviews with 13 U.S. mortgage loan origination POS platform providers from January to August 2019.
To request a press copy of this report please contact us at pr@aitegroup.com.
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