Documents » csc mortgage.
Abstract: In the past year the traditional consulting houses have executed major initiatives to counter the challenges of the pure play and fringe market invaders. Being big doesn't mean being slow, as these Behemoths have demonstrated – once they tuned in to the new market realities.
PubDate: 6/2/2000
Abstract: At any given time, one in four mortgage providers is looking to upgrade its loan origination system. The reason: its current system provides low rates of automation—including some processing functions that are not automated at all. Using people to process loan applications decreases profitability of a company in several ways, but by automating more processes, profitability can be improved—and the hidden costs eliminated.
Abstract: Today, 70 to 80 percent of costs for processing loan applications are people-related. From a mortgage company’s perspective, this results in increased costs and decreased revenues. With ever-changing loan products, enterprises are forced to build or buy new loan origination systems periodically. And to meet these challenges, they’re choosing technology that focuses on solving business problems, not technical problems.