Controlling costs has always been central to the mortgage business, even if it may not have seemed that way this time last year. Back then, lenders couldn’t hire enough people to handle the volume of borrowers coming through the doors. But today is a perfect storm of soaring interest rates,
All industries and businesses follow different playbooks. In football, for example, a playbook contains a formula for winning games. For each play, players practice the playbook by lining up in their correct positions and run plays, with their role for each play sometimes dependent upon the defense’s set up. Through
It’s a little-known fact that California is home to the world’s largest and most productive water system, which serves more than 30 million people and irrigates more than 5.7 million acres of farmland. As massive as it is, however, it’s also one of the most unpredictable water systems. Normally, massive
Educating employees with new skills improves the borrower experience Success in the mortgage industry is typically the result of creating and delivering a great experience for your customers, whoever they may be. There are, of course, many obstacles that often get in the way. One of the largest is being
Steve Schachter, President of Sourcepoint, addresses some of the top compliance and regulatory risks for lenders in 2022 and beyond. What are some of the top compliance and regulatory risks for lenders in 2022? Perhaps the biggest and most obvious risk is the market shift from refinances to purchase loans
2022 may go down as one of the most complex and risk-intensive housing markets in history. Here’s how to prepare. Nelson Mandela once said, “Everyone can rise above their circumstances and achieve success if they are dedicated and passionate about what they do.” Who can argue with someone who went
AI tools can play a significant part in improving the customer experience – from addressing common problems originators and servicers face in assisting borrowers to establishing a cohesive communication structure within your contact center. Listen to the podcast …
Every servicer wants to deliver a great experience for its borrowers. But right now, there is plenty getting in the way of this goal. Millions of borrowers still need help making mortgage payments in the wake of the COVID-19 crisis, while millions ore are still looking to refinance their loans
The pandemic has been a technology game-changer, creating a level of awareness that didn’t exist in the mortgage industry in a really quick 12 months. To support its clients at this critical time, Sourcepoint pushed hard to create integrations on platform agnostic systems. Author Michael Miller Michael Miller is Vice
The fact is that most organizations struggle with gaps between their people and processes. These gaps inevitably keep a company from reaching its full potential. But what if there was a way to close these gaps through automation? Well, there is — however it requires reimagining how technology can be
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