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Home » Store » News » Emerging Secondary Markets Need Technology To Become More Feasible for Small Lenders

Emerging Secondary Markets Need Technology To Become More Feasible for Small Lenders

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Inadequate servicing software can keep some community banks from tapping into otherwise more efficient secondary market executions, software vendors say. “Banks out there that are not involved in the secondary market are using software providers that do not provide the right solution for them,” said Glenn Liebowitz, founder and president of Michigan-based GCC. The biggest deficiency is often appropriate electronic reporting capability that allows them to service loans for the government-sponsored enterprises.
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