Disruption in the Mortgage Lending Industry
Despite significant digital transformation in the last decade, it remains difficult for lenders to originate a loan with straight-through processing and meet regulatory compliance. Regardless of these transformation challenges, the mortgage lending market remains strong. Growth in nonbank lending has risen steadily since 2013. Driven by market pressure, nonbank lenders are pushing the envelope to disrupt the space with every advantage possible.
This paper details outcomes nonbank lenders strive for and how they are capitalizing on these outcomes to capture market share and drive growth.