Bankers face a lot of work and challenges as they attempt to marry new lending systems with elegant, customer-friendly lending processes.
Post Tagged with: "Mortgage Banking"
Financial institutions outsource their solutions – and their trust – to large, big name vendors with the belief that outages won’t happen. Unfortunately, it doesn’t always work that way.
Lost amid the waterfall of news this week was the fact that the average profit on mortgages has fallen to their lowest point since the Mortgage Bankers Association started recording the data in 2008. Last quarter, mortgages paid lenders an average profit of $150. It was $743 in the fourthRead More
Time for us to toast the mighty, recognize the innovators, skewer those who have rambled off the path of righteousness, and poke a little fun at all of the above.
Saturday Night Live immediately came to mind during a recent lending debate between Cornerstone consultants Jim Pinckney and Sam Kilmer at Gonzo HQ in Scottsdale. So, we offer up an installment of Gonzo’s Point/Counterpoint. Oh come on, you just know that loan productivity is a naturally riveting debate!
The topic is this: With a massive productivity gap between […]
With significant competitive threats, limited discretionary resources and higher levels of uncertainty, bankers need to more seriously adopt a “TEST AND LEARN” approach to their strategic initiatives.
The industy is changing at near-light speed. Now might be the time for bank “intelligence” officers.
If I had a bond portfolio that was 350% of my shareholder equity, I would be all about preparation and mental drills right now.
How Americans bank is undergoing a lot of changes right now. Free checking as we know it is becoming an endangered species, people are doing a lot more of their banking online, and smartphones and prepaid debit cards are taking off. As we move towards 2013, with planning well underwayRead More
Finovate is great for seeing what some wildly sharp minds have in store to keep the innovation ball rolling.