Mortgage lenders face a wide range of challenges, but it all boils down to a startling situation: In the first quarter of 2018, the net share of lenders reporting demand growth turned negative. This was the first time this happened going back to the first quarter of 2014.
Competition, both within the housing market and the lending sector, are leading to incredibly tight margins in the industry.
Lenders that want to get ahead in this environment need to innovate, and technology is playing a growing role in the market.
Digital mortgage applications are becoming incredibly popular, and firms that don’t adjust their operations to reflect this data-focused reality could soon fall behind.
GDS Link can help organizations get ahead as they embrace digital technologies by providing the analytics solutions needed to make good decisions quickly.
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