Wilqo’s Larry Huff says most legacy loan origination systems were designed around a linear, document-centric workflow: “That design made sense in a paper-based lending environment. It makes far less sense today.”
Tag: Origination
ICE Mortgage Monitor: Q4 Lending Climbs to 3.5-Year High; Servicer Retention Strengthens
Mortgage originations reached an estimated 1.44 million in the fourth quarter — the largest quarterly tally since Q3 2022 — as a surge in refinance activity drove lending to its highest level in three and a half years, according to the March ICE Mortgage Monitor report.
LenderLogix CEO Patrick O’Brien: Driving Down the Cost to Originate Requires Smarter Investments in Tech
Imagine expecting your favorite college football team to win a national championship with a roster comprised of only 4% scholarship players and 96% walk-ons. The scholarship investment isn’t equal to the expected outcome. The same can be said for the mortgage industry’s attitude toward technology, especially when it comes to lowering the cost to originate.