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Declining mortgage origination revenue is driving operational cost reductions and third-party outsourcing
US mortgage originators are experiencing reduced loan volumes and less revenue due to higher interest rates and intense competition. The Mortgage Bankers Association reported that independent mortgage banks and mortgage subsidiaries of chartered banks lost $1,972 on each loan they originated in the first quarter of 2023. Losses, along with an intensifying regulatory environment, an emerging hybrid workforce, and pressure to reduce operational costs, are leading companies to outsource their physical footprint and find automated solutions to streamline and digitize processes.
Remain compliant and maintain collateral security with our end-to-end mortgage post-closing managed service offering. Made up of expertly trained teams, digital mortgage accelerator processes, and an intelligent softwares- a-service (SaaS) technology platform called Iron Mountain InSight Digital Experience Platform (DXP), this bundled offering gives you the opportunity to:
Business results from an experienced and trusted partner — we are a proven mortgage post-closing managed services provider that enabled a major credit union to:
Acceleration of your digital transformation — Our service offering enables your organization to:
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