Next week, on February 5th, and the four Friday’s following, LoanLogics kicks off a five-part RadioLogics podcast series titled “Friction Free B2B Mortgage Commerce.” Have you subscribed yet? The topic being discussed centers around the immense amount of friction present in our industry’s B2B channels, namely, the correspondent, mortgage servicing rights acquisition and wholesale markets. This content was first shared…
From “in app” one-click buying to your voice activated home assistant suggesting you reorder the coffee and paper towels you purchased last month, frictionless commerce is a reality for B2C retail shopping. The frictionless future is here thanks to the digital transformation this marketplace has had. Companies that fail to deliver secure immediate gratification, information, and time-saving experiences to consumers…
Correspondent lending is built on relationships that now demand innovative technology that optimize the transaction process for both buyer and seller. That optimization should result in a fast turn time, trade transparency, reduced risk and of course profit. Loan Origination Systems (LOS), which have acted as a partial substitute technology, have long been used to facilitate the process and are…
The industry is a buzz with the how artificial intelligence (AI) and machine learning will change the way we work and the benefits it will create for labor intensive processes. LoanLogics has certainly been at the forefront of that transformative conversation in a number of recent industry articles and webinar on the topic What has been talked about less though is how organizational…
In a prior post, we discussed how a frictionless transaction experience increases the likelihood a seller will return to do business with an investor. Now, we turn our focus to the role investors can have helping sellers improve the quality of their loans, which will further strengthen the relationship and foster repeat business between the two parties. Most professionals welcome…
Few would argue closed loan acquisition is complex. Managing risk against faster turn-times, while trying to maintain relationships with sellers surely keeps many of correspondent investors awake at night. Go too fast, increase your risk. Go too slow, stress margins and ultimately lose sellers. How can correspondent investors minimize portfolio risk while going for speed? By bringing intelligent, automated data…
