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Mortgage Slump: Chance for Lenders to Catch Up on Tech?

Many mortgage lenders already own technology that they aren’t using and they are ready to take control of it now that origination volumes are past their COVID-19-era heights, one pundit has observed. So reports Mortgage Orb.

macro geefdaf718 640Joe Camerieri, executive vice president and client account management executive at Mortgage Cadence, told the website about his discussions with mortgage lenders about their tech needs during recent industry conferences.

“While we do expect to see lower volumes next year and fewer lenders competing for that business, we’ll see some technology-enabled lenders who have found ways to be very competitive and they will do very well in 2023," he noted. 

Read the full article from Mortgage Orb.

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