Change Leaves Lenders Longing for an End-to-End System
By Terry King, Group Director, MRG Document Technologies
Change. Politicians spout it. Songwriters romanticize it. The mortgage industry struggles with it.
Recent months have ushered in big changes in the mortgage industry: lowered loan-to-value ratios, more stringent underwriting requirements, tougher fraud prevention, increased focus on the FHA market, a return to fixed rate products and the demise of formerly popular exotic products such as I/O ARMs and HELOCs.
To read the entire article, visit Mortgage Technology's Web site.
