Boston, September 4, 2014 – In the wake of the Dodd-Frank Act, blizzards of paperwork, processing delays, myriad risks (with compliance trumping all), and a dead-in-the-water mortgage market are a few of the many key pain points for onboarding mortgage customers. Are there any opportunities in this sea of challenges, and can technology help?
This Impact Note delves into the home mortgage industry emerging in 2014 and contains analysis from Aite Group interviews of senior management at U.S. financial institutions with significant residential mortgage portfolios. It focuses on banks and credit unions' initiatives to juggle credit risk in a competitive, low-demand market, examines the borrowers likely to be seeking mortgages, and shares insights for both creditors and vendors.
This 29-page Impact Note contains 13 figures and three tables. Clients of Aite Group's Retail Banking & Payments service can download this report.