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Home » Store » Technology » Mortgage Lenders Still Eyeballing New LOS

Mortgage Lenders Still Eyeballing New LOS

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Technology

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Almost one in five mortgage lenders in the country is still actively considering switching to a new loan origination platform, driven largely by the need to keep up with increasing regulation and, to a lesser extent, the desire for new features to gain or keep a competitive edge in the marketplace. According to the seventh annual compliance survey by QuestSoft, a provider of mortgage compliance software based in Laguna Hills, CA, 18.6 percent of lenders are reevaluating their current LOS platform, up from 0.1 percent in last year’s survey. Historically, the percentage of lenders considering an LOS change hovered...
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