Mortgage lending is at a crossroads
How technology is revolutionizing mortgage lending and why AI is set to disrupt the sector.
Secondary Default Finastra Form
Our recent white paper discusses how technology and AI are transforming the mortgage lending sector. Alongside US mortgages expert, David Lykken, we highlight challenging market conditions, such as higher interest rates and limited home supply, which have made the market tough for both borrowers and lenders. Modern customers expect faster, more transparent mortgage processes, driving innovation in the sector. AI and robotic process automation (RPA) are set to automate up to 70% of mortgage origination tasks, improving efficiency and reducing costs. Financial institutions need to embrace new technologies to stay competitive, improve customer experiences, and navigate regulatory changes effectively.
