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We’re about to leave 2020 behind for the promise of a better 2021. New Year, new me, right!?!? As such, it’s time to dust off those annual resolutions and plan to get ourselves healthier, happier and a lot less stressed. Like individuals, mortgage businesses need to do the same. This year was certainly prosperous for our industry but looking back there was certainly room for improvement. If you’re looking for a somewhere to start to define your organizational goals for the new year, you’ve come to the right place. Below we share 11 resolutions mortgage lenders, servicers, investors and other industry participants should vow to make in the year ahead.
- I will take the time to finally sharpen the saw in 2021 and use automation to drive efficiencies with the resources I already have.
- I will be strategic with the deployment of digital labor in my organization.
- I will understand the benefits of cloud-native mortgage technology and how it drives greater application flexibility and security.
- I will take advantage of “Try Before You Buy” type programs to test drive new technology.
- I will be prepared with a well thought out plan when I launch new technology.
- I will follow best practices for getting my teams to be comfortable with technology adoption.
- I will set benchmarks for my team to make sure we’re meeting our targets.
- I will be ready for the URLA rollout.
- I will explore the benefits of insource vs outsourced QC, particularly if I have not been satisfied with my current ROI and vendor.
- I will make MERS® compliance a full year priority and not a point in time review.
- I will absorb as much content as I can to help educate myself on industry best practices, beginning with subscribing to LoanLogics’ blog.
Reach out to LoanLogics to schedule a 30-minute conversation about mortgage quality automation. We’d love to help you “automate first” in 2021!
Right on.