There is no denying that technology is the future, and that algorithms are changing the face of a number of different professions. But a recent trend in the real estate market has some appraisers on edge. The profession is already losing people, with only 78,000 licensed US appraisers in business in 2017 compared to the 120,000 who were available in 2012. Continue reading “Make Way for Appraisal Technology in the Mortgage Industry”
There are several ‘realities’ posing challenges to the future of the nation’s mortgage industry, but perhaps no challenge is more daunting than the need to recruit a younger generation of lenders.
As America’s population ages—and millions of ‘Baby Boomers’ enter their retirement years—there is a rapidly growing need for the nation’s mortgage sector to recruit young men and women to replace those completing their careers.
The reality that is confronting the lending sector is simple: for the industry to survive the 21st Century, it will have to recruit a new generation of loan officers. And with Baby Boomers retiring en masse, and ‘Generation X’ not far behind them, all eyes are fixing on the younger generation labeled “Millennials”. Continue reading “Recruiting The Mortgage Industry’s Next Generation”
From music to movies, from books to retailing, technology has revolutionized the way commerce is conducted in the new millennium.
Little wonder then that technology is also having a dramatic impact on the way the mortgage industry conducts business; and in recent years, perhaps one of the most significant changes to the mortgage sector has been the introduction of the “digital mortgage”.
Continue reading “Digital and Rocket Mortgages Take Off In 2017”