Why Fewer Loan Applications Means Time for New Loan Origination Software

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The Mortgage Bankers Association said its seasonally adjusted index of loan requests for home purchases, a leading indicator of home sales, fell 5%. U.S. mortgage applications to buy homes fell to their lowest level last week since February.

But when applications are down is the best time to turn your mortgage technology up a notch. Why?

  • Your staff has the time to learn a new system.
  • Digitizing loan file storage reduces other costs like overnights 
  • Distribution of work is possible when data is stored centrally 

Just replacing the old with the new isn’t enough though.  Find the one that’s best for you.