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Special Reports
In this section of BrokerUniverse we examine a subject of key importance
for mortgage originators every month, based on special reports that run in our sister publication, Origination News.
Origination Technology
Hands On Automation
The broad viewpoint of origination technology is that anything that gets a loan
from the application stage through to funding qualifies. This means the topic covers more than just the latest
from the loan origination system providers.
An even broader view of origination technology includes anything that helps the
broker bring the client into the office in the first place. It is a new way of touching a file.
In this Special Report, read about Mortgage Coach and its new Marketing Machine.
The company is providing a number of modules, all with the aim of allowing mortgage brokers to increase their business.
Technology implementation projects have always been a source of headaches for
many businesses. This Special Report speaks with executives from Fiserv who say there is a change among some technology
purchasers. They no longer want big projects that take anywhere from nine to 18 months to complete. Instead, they
are doing piecemeal upgrades that can take about 90 days to get up and running.
With all the talk about loan suitability and fiduciary duty being thrown around
by politicians and regulators, mortgage brokers now more than ever need to make certain their borrower and the
product match up. Executives at First Magnus say they have improved their product finder tool to this end.
In spite of these advances, the industry still has a long way to go to meet the
ultimate goal of the e-mortgage.
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