New Data on LOS Productivity

Cooley, Scott
March 2005
Mortgage Banking;Mar2005, Vol. 65 Issue 6, p136
This article focuses on the loan origination system (LOS) the primary computer application used by the originators in the mortgage industry. Whether a company spends $1,000 or $1 million on an LOS, the efficiency of an LOS should be a primary determinant in the selection of a system. However, this attribute has not been used because of the lack of available credible statistical data. In the mortgage broker market, there are different LOS products that capture significant market share than those for mortgage banking companies.


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