The Big Data RevolutionWith interest rates near record lows, mortgage lenders are being inundated in the current high-volume market. Some have resorted to keeping their rates artificially high to curtail their volume of new loan applications. This current market highlights the need for lenders to use data and analytics tools to become more operationally efficient. These tools can help lenders make better-informed decisions to process loans faster, control costs, identify and mitigate risks, establish repeatable and measurable processes, and uncover new business growth opportunities.
In this eBook, we address how the mortgage industry is currently using data and analytics, why current utilization is a challenge, what needs to change across the industry, and the cumulative benefits of using data and analytics to make business decisions.