Tapping Into the Power of Location
More knowledgeable mortgage customers, volatile markets and regulatory requirements mean banks and mortgage lenders are continually challenged to remain competitive while avoiding risk. But the challenges in mortgage lending are compounded by lenders’ internal processes, which remain complex, fragmented, and isolated.
Most lenders will agree that improving mortgage decision turnaround is one of the most critical ways they can improve their mortgage process. In this document, we will discuss location analytics in the context of mortgage origination processes. We’ll identify how it can contribute to the improved efficiencies that lead to a faster time to decision, while also pinpointing more information about the assets, helping reduce risk to lenders and insurers