Executive Conversation: Alok Bansal on zero-cost technology
Executive Conversations is a HousingWire web series that profiles powerful people in the financial industry, highlighting the operations and the people that make this sector tick. In the latest installment, the Housing Wire team sat down with Alok Bansal, managing director of Visionet Systems, to discuss zero-cost technology — an alternative to the buy vs. build conundrum lenders often face.
A. Lenders today are battling with high-interest rates, declining loan applications, and higher cost of compliance. All of this is leading to an increase in the cost of producing a loan. In fact, many originators are reporting a net loss on each loan that they originate.