Tuesday, May 15, 2012

Technology May Be Home Lending Equalizer

The familiar process of having members fax or otherwise deliver documents to their credit union’s loan officer over a period of days or weeks is no longer acceptable to many consumers.

Image source: Article
Remember, just having the best technology is not going to be enough.

Credit unions that want to remain competitive in housing finance over the next decade will likely have to confront the issue of how to add technology to their mortgage loan origination systems.

How does your credit union stack up?

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