Freddie Mac’s Sudamys Alfonso on the rising cost to originate mortgage loans
HousingWire Daily
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Factors Driving Rising Mortgage Origination Costs and Benefits of Technology Adoption
The chapter explores the reasons behind the increasing costs of mortgage loan origination, such as economies of scale, reduced production volume, and the complexities of the mortgage process. It emphasizes the challenges lenders face in efficiently automating their operations and the crucial role of strategic change management. Furthermore, it highlights the advantages of utilizing digital tools and technology to enhance efficiency, reduce costs, improve accuracy, compliance, and customer experience in mortgage origination.
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