Recent statistic are alerts to the industry that increased focus on loan quality control across the mortgage life cycle should be a priority in 2022.
Don’t get caught sleeping on these trends. Get in the know on the “Top Trends Reawakening Attention on Loan Quality in 2022.” In this interactive infographic we showcase the following risk and opportunity areas:
- Shift to Purchase Market
- Big Pies in the Sky to Capture
- Rise of Industry Defects
- Tighter Regulatory & Compliance Oversight
- Staffing Hurdles
- A “Secondary” Look
In our infographic, we also share tactical ways to navigate the trends with technology by:
- Mitigating Fraud Risk
- Getting Ahead of New Underwriting Complexity
- Adding Controls to Address Concerns
- Buckling Down on Automated Workflow & Integrations
- Sharpening the Saw with Existing Resources
- Removing the Friction in B2B Commerce
The topic is so important, the intersection of trends and technology was even a topic of discussion during the Mortgage Banker Association’s (MBA) Technology Solutions Conference last week. A panel of subject matter experts discussed how the greater socio-economic trends are strong forces pushing the mortgage industry retool their business by leveraging technology.
Panelist Michael Frantoni, chief economist and svp of research for the MBA, left the audience with a key message on how to navigate the future uncertainty suggesting, “the ability of technology to get lenders and servicers to a better place has never been more important.” We couldn’t agree more.
After engaging with our infographic, reach out to us for a deep dive into each area with even more stats and technology resets you can explore. Email us at loanlogicsinfo@loanlogics.com with the Subject Line: Trends Infographic.
And, for more on LoanLogics’ participation at MBA Tech just last week read more from one of our sales executives who was in attendance, in this blog post.