Commercial Mortgage Lending Lags in Technology Savvy
June 7, 2004
Commercial mortgage lenders have not kept up with new technologies, with the result that commercial mortgage closings are often inefficient and require considerable manual effort, according to a new study from Celent. “Retail originators have been criticized for using paper- and labor-intensive processes, but the problem is even worse on the commercial side, where advances have moved at an even slower pace,” said Christine Barry, author of the