Technology Boosts Lender Productivity – Fannie Study
April 1, 2002
Technology has helped many lenders to successfully manage their high origination volumes in 2001, according to a new study released in March by Fannie Mae. The Mortgage Focus study says mature web sites, B2B online fulfillment, B2B2C sites and automated underwriting at the point of sale all helped lenders achieve a lower cost to originate, higher productivity and higher profit margins.