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Volume 21 - Number 22

November 3, 2017

Newcomer Unveils Next-Gen POS Solution

A lender doesnít have to be one of the big dogs in the industry to be competitive, thanks to continuing technological innovation. A case in point: Former U.S. Comptroller of the Currency Gene Ludwig and former Freddie Mac Chief Operating Officer Bruce Witherell have formed a new company in the mortgage technology and fulfillment solutions spaces, Promontory MortgagePath, which just rolled out what itís touting as the next generation of point-of-sale solutions for lenders ...

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Poll

With mortgage production down noticeably this year from 2017, how many lenders might disappear via M&A or failure during the next 12 months?

10% or less. It’s not that bad out there.
11% to 25%. It’s a challenging market.
25% to 40%. It’s going to be very ugly.
No opinion.

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