As mortgage lenders and Fintechs assess the gains and losses of the past 18 months, foremost on their minds is where to go from here? The new reality is that mortgage lenders, fintechs and tech providers need to work together to reshape mortgage lending into a modern digital ecosystem. From origination to payments.
This will help accelerate digital transformation and innovation, as well as increase efficacy of KYC usability, compliance, and trend initiatives.
Achieving this transformation requires strategic application of modern technologies, custom integrations and open APIs. These agile APIs can “knit together” the moving parts to be interoperable and reusable in different contexts, including combining it with assets from various loan servicers, regulatory agencies and third parties.