Current Environment Drives Use of ASP Models
By Michael Murray
Mortgage originators, seeing fewer originations and less available capital, are driving the Application Service Provider model, software-as-a-service, to save money.
“People don't have the capital to write big checks for these upfront systems, so you are seeing a not-so-subtle shift to the ASP models,” said Michael O'Leary, senior mortgage consultant at MRG Document Technologies, Dallas. “They have always been there, but now there is more and more of a shift, and a really hard look at a hosted system as opposed to one that [a company] invests in and maintains.”
To read the entire article, visit MBA NewsLink's Web site.
