Something significant is already reshaping mortgage lending and servicing, and the data is beginning to bring into focus what many lending professionals have been experiencing firsthand.

A recent nationwide survey of lending professionals across banking, mortgage lending and fintech reveals an industry that overwhelmingly understands the need to modernize its mortgage origination, servicing and compliance technology infrastructure, yet continues to struggle with execution. While 76.5% of respondents describe modernization as either extremely urgent or very urgent, only 8.7% report having fully completed a platform migration.

The findings reveal a widening gap between awareness and execution. Mortgage lenders and servicers recognize details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com