Mortgage lenders spent most of 2014 and 2015 taking steps towards TILA-RESPA compliance and have solutions in place. But are the solutions going to help lenders streamline their loan production processes and help control or reduce labor costs?
Whatever approach you’ve chosen to comply with TRID, now is the time to evaluate your entire loan production process and select the right technology to help you optimize your workflow while automating quality and compliance checks.
- 67% have hired additional in-house staff or outsourced staff to handle compliance-related activities, driving up loan production costs.
- 82% plan on spending more on technology in 2015.
- 79% expect their loan production costs to be higher in 2015 than it was in 2014.
Download the white paper today to learn how to move beyond TRID by implementing the right technology to optimize your entire mortgage workflow, and your bottom line.