Visionet Publishes Whitepaper on effective usage of Mobile in Loan Originations
CRANBURY, NJ – July 24, 2018 – Visionet Systems Inc., a global services provider to a number of industries including the US mortgage industry, has published a new White Paper entitled, “Why and How Lenders Can Use Mobile as a Competitive Advantage” The paper is aimed at mortgage originators working to grow their businesses in this difficult lending environment. With loan volumes falling and interest rates rising, lenders are competing for a smaller set of home loan borrowers. Lenders are seeking an effective strategy to drive sustained growth for their business.
“There is a great deal of pain in the industry today as a result of increased competition, for fewer borrowers,” said Alok Bansal, Managing Director at Visionet Systems. “Lenders need a strategy to serve the borrowers, where they are, on their mobile devices and then allow them to track the entire lifecycle of their loan application, right on their mobile device. They need to adopt a mobile strategy. Since most lenders are ill equipped to make this transition on their own, they are now seeking out qualified partners.”
“It’s not realistic for lenders to compete on rate or even loan fees, as all lenders are tied to the same secondary market investors and third-party service providers,” Bansal said. “They need to evolve their businesses to meet the changing expectations of the American home loan borrower. That means they have to go mobile.”
The new whitepaper goes into details of the current needs of the new generation of mortgage borrowers, the evidence that points to mobile as the only viable strategy and describes the technological requirements that such an approach requires.
Visionet has over 25 years of experience in the Mortgage domain. For more information about the company’s mobile solution offering or to download a copy of the new White Paper, visit the company’s website.
About Visionet Systems Inc.
Visionet Systems, Inc. is a leading services provider to the Mortgage and related industries. Through its digitally powered outsourcing services and technology innovations, it helps mortgage businesses transform their operations and scale their business effectively. As a part of mortgage processing services, Visionet delivers digital disruption by being the first company to offer zero cost technology as a part of its solutions. The company’s technology products complement its top of the line mortgage outsourcing services. For more information, visit us online at mortgage.visionet.com