Squeezing Out Costs

Tenuta, John R.
March 2005
Mortgage Banking;Mar2005, Vol. 65 Issue 6, p108
This article reports that the cost associated with mortgage transactions are of increasing concern to borrowers, lenders, regulatory agencies and consumer advocacy groups. As a result, lenders are using loan origination, processing and servicing technology to reduce mortgage costs. The benefits of carefully implemented technology are significant : streamlined processes, improved efficiency and productivity, more affordable mortgages, reduced time from origination to closing and greater consumer satisfaction.


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