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Life After the Boom: A Comparison of the Leading Residential Mortgage Origination Technologies

Life After the Boom: A Comparison of the Leading Residential Mortgage Origination Technologies

With origination volumes down 36% from 2003 and lenders anxious to maintain profitability levels, Aite Group forecasts that over the next three years, one out of every seven U.S. lenders will enhance their mortgage origination systems to remain competitiv

Boston, MA, August 31, 2006 – In a new report, Life After the Boom: A Comparison of the Leading Mortgage Origination Technology Providers, Aite Group compares and profiles six leading origination vendors and their solutions, including Dynatek, Fair Isaac, Fidelity National Information Services, Fiserv, Harland Financial Solutions, and MortgageFlex. The report examines industry trends and how advances in technology are helping lenders to overcome several challenges such as ensuring greater accuracy and speed of data to the secondary market, enhancing security features, handling new competition, and the need to offer more creative financing. Profiles are also provided for MindBox and Mortgagebot, as their solutions are driving the direction of today's technology enhancements.

"Today's mortgage origination environment can be described as one of innovation and re-building," notes Christine Barry, Research Director with Aite Group and author of the report. "Next-generation solutions have evolved from basic databases to sophisticated enterprise content management systems with advanced decisioning capabilities, greater electronic integration to third-party suppliers, and more advanced workflow automation and imaging potential."

The report awarded vendors in nine areas of excellence including:

* Superior Customer Service: Fiserv
* Solution Ease of Use: Harland Financial Solutions and Fair Isaac
* Solution Best Suited for Large Lenders: Fiserv UniFi PRO and FIS' Empower for .Net
* Most Sophisticated Decisioning Capabilities: MindBox
* Most Deployments in 2005: Fiserv
* Most Lenders Currently Live With Solution: Harland Financial Solutions
* Most Dynamic User Interface: Harland Financial Solutions
* Most Advanced Technology: Fidelity National Information Services
* Most Easy-to-Use Interfaces to Third-Party Suppliers: Dynatek

This 60-page Impact Report contains 10 Figures and 12 Tables. Clients of Retail Banking Service can download the report