Over the last few years, a lot has changed in the mortgage industry. Costs have been going up and compliance pressures are keeping executives on their toes. Most companies realize that they need to be investing in technology to streamline their operations and reduce their operational costs.
Identifying the technology that is appropriate to use and which can provide the fastest ROI in terms of the investments made is the tough job. And then there is always the risk that you will end up making the wrong choice. The other option of developing the technology yourself is not a great option, as you end up spending too much time getting into the specifications and by the time your technology is ready, the industry starts posing completely new challenges.
It is here that radical new thinking is required. What if you can use technology on a ‘pay per use’ model? With this, you don’t need to make any upfront investments in the technology. You are only paying ‘per use’. Also since the technology is already ready for use, all the thought process in terms of functionality and meeting industry challenges is already taken care of. You are operational from day one and using the technology right away can help you start making an impact to your day to day operations.
As a part of mortgage processing services, Visionet delivers digital disruption by being the first company to offer zero cost technology as a part of its industry solutions. The company’s technology products complement its top of the line mortgage outsourcing services.
This means that the technology comes to you free and you can start using it from day 1. You do not need to spend any development time on it as our domain experts have already thought through the different scenarios. Of course, with our domain experience, we can customize the experience to meet your exact needs and deliver results quickly.
For more ideas like these, go ahead and download our eBook ‘6 ways to reduce cost of loan production by over 50%’. We are sure you will enjoy it
As a lender, you can leverage our ‘pay as you go’ models and leverage the technology to make a difference to your lending business instantly. Meet with us at MBA Annual at Booth #360 (Schedule a meeting) and find out how you can make a positive impact to your business with proven technology.
Alok Bansal is Managing Director of Visionet Systems Inc. and has 21 years of experience in managing strategy and global BPO operations. He excels in optimizing and leading the growth of financial services companies who are looking to take their mortgage operations to the next level.