The mortgage industry continues to face challenges as the cost to originate loans sees a dramatic increase despite heavy investments in new technologies. Companies are finding themselves caught in a cycle of hiring and firing as they struggle to navigate the impact of these rising costs. The anticipated return on investment from technology implementations remains uncertain, prompting industry professionals to question whether the current approach to technology in the mortgage industry is effective.
Key points:
– Despite significant investments in new technologies, the cost to originate loans has increased
– Companies are grappling with cyclical hiring and firing
– The return on investment from technology implementations is still uncertain
– Industry professionals are questioning the effectiveness of the current approach to technology in the mortgage industry
You can read this full article at: https://www.housingwire.com/articles/is-technology-the-problem-not-the-solution-in-the-mortgage-industry/(subscription required)
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