Avoid Analysis Paralysis with New White Paper

For the past twelve months, we’ve been visiting with lenders across the industry who are frustrated by the limitations of their current loan origination technologies, but cautious about making investment decisions too far ahead of the return of the real estate business.

They are falling prey to a well-known industry challenge and analyzing it to the point of paralysis. Our new White Paper, “A Lender’s Guide to the Technology Investment Dilemma,” explores the pros and cons of implementing new technologies before the next wave of business hits.

As our Chief Product Officer Seth Hooper puts it: “A lender’s technology investment dilemma is a familiar industry challenge. When lenders have the funds to upgrade their technology, they’re often swamped with loan originations, making that their primary focus. During slower periods, they have the time and resources to implement new tools but are hesitant to dip into their reserves.”

Knowing when to invest is the key to success. With interest rates beginning to fall, Hooper says it’s just a matter of time before the logjam of pent-up mortgage demand breaks free and homeowners and new buyers rush in for financing. When it happens, it will happen fast. The lenders that are prepared will win the most business.

Our discussions with lenders have revealed that many are still relying on outdated tools that will not serve them well next year. What most lenders don’t know for certain is how to make the wisest investment in the latest technologies without further stressing their enterprise, so they can be prepared for the influx of new business when it comes.

Reaching a Decision that Will Benefit the Lender

Over the years, new tools have made loan origination more efficient, and leading lenders have kept pace, but the extended downturn has caused some lenders to fall behind. The white paper was written to help those lenders work through this vital business decision.

Whichever technology you choose to do business with, it must meet your requirements in a variety of market and business conditions and they need to be the right partner, working and growing with you.

The Mortgage Cadence Platform (MCP) was named Best Loan Origination Platform by the Fintech Breakthrough Awards, standing out against the competition for the configurability it provides. Delivered in the Microsoft Azure Public Cloud, MCP provides a secure, scalable system, accessible from anywhere and on any device. Inclusive of a leading point-of-sale through closing collaboration tools, MCP is both complete and easily configurable, offering rules-based workflow, leading UI designer tools, and an open architecture designed to meet the needs of today's lenders.

The question is: should you see the demo today or after you download the paper? Either way, your chance to beat the competition to the new business won’t last forever. To download a copy of the new White Paper, visit us online.

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Media Contacts

Mortgage Cadence: 
Alison Flaig 
Head of Marketing 
(919) 906-9738