Investors looking for opportunities to continue improving the borrower experience in this quickly shifting landscape will want to understand the latest changes in the industry, which parts of the mortgage process can be further improved, and the next potential innovations.
Nonqualified mortgage (non-QM) lenders are reentering the market.Companies are bundling home-buying services, including mortgages.Nonbank lenders continue to grow market share.Ī subservicer is a qualified outsourcing partner that does not own the right to perform servicing but that performs servicing (including all administrative-, compliance-, and financial-servicing activities) on behalf of a master servicer for a monthly per-loan fee.Īre introducing more-efficient digital platforms.Third-party technology and data providers are streamlining more parts of the mortgage process.This article examines five dynamic trends that are reshaping the mortgage industry and that are relevant to investors in this sector:
Investors can facilitate further improvements at the point of origination, processing, underwriting, and loan servicing, as well as expand consumer access to home-financing and home-buying services. Meanwhile, the mortgage industry has been gradually adopting technology to streamline the front-to-back process of getting a mortgage, with the aim of making the consumer experience smoother and faster.