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Are You a Good Candidate for Outsourced Mortgage Fulfillment? These Five Questions Can Help You Decide.
“Should I stay or should I go?”—The Clash In today’s volatile mortgage environment, many community lenders are reexamining their commitment to mortgage operations or withdrawing from residential lending altogether.
Are You a Good Candidate for Outsourced Mortgage Fulfillment? These Five Questions Can Help You Decide.
“Should I stay or should I go?”—The Clash In today’s volatile mortgage environment, many community lenders are reexamining their commitment to mortgage operations or withdrawing from residential lending altogether.
With Record High Mortgage Origination Costs, Can You Actually Save with Outsourced Fulfillment?
Mortgage origination costs keep climbing, reaching a record $9,299 per loan in the first quarter of 2019, according to the Mortgage Bankers Association. This upswing has been fueled by rising compensation, benefits, technology and compliance costs, putting pressure on margins and leaving originators in a tight spot.
With Record High Mortgage Origination Costs, Can You Actually Save with Outsourced Fulfillment?
Mortgage origination costs keep climbing, reaching a record $9,299 per loan in the first quarter of 2019, according to the Mortgage Bankers Association. This upswing has been fueled by rising compensation, benefits, technology and compliance costs, putting pressure on margins and leaving originators in a tight spot.
Data, AI and the Future of Mortgage Technology
I recently joined Promontory MortgagePath as a Data Engineer and – for the first time in my career – I’m working in the mortgage industry. I was attracted to the role because of the incredible data- and process-complexity. The almost infinite volumes of data provide both opportunities and challenges. How do we ensure the quality of data – its overall integrity (lineage, security, privacy), accuracy and completeness?. For me, full data transparency and availability are the keys to – and the foundation of – innovative technology solutions.
Data, AI and the Future of Mortgage Technology
I recently joined Promontory MortgagePath as a Data Engineer and – for the first time in my career – I’m working in the mortgage industry. I was attracted to the role because of the incredible data- and process-complexity. The almost infinite volumes of data provide both opportunities and challenges. How do we ensure the quality of data – its overall integrity (lineage, security, privacy), accuracy and completeness?. For me, full data transparency and availability are the keys to – and the foundation of – innovative technology solutions.
Q&A: Navigating Lending Tech Compliantly and Profitably
Banks today are under significant pressure due to declining mortgage origination volume, historically high costs, increasing competition from FinTech entrants, and consumers demanding a more user-friendly, digital experience. New and emerging technologies are transforming the financial services industry, and banks are turning to tech to meet customer expectations, reduce cost, and drive growth. The right technology
Q&A: Navigating Lending Tech Compliantly and Profitably
Banks today are under significant pressure due to declining mortgage origination volume, historically high costs, increasing competition from FinTech entrants, and consumers demanding a more user-friendly, digital experience. New and emerging technologies are transforming the financial services industry, and banks are turning to tech to meet customer expectations, reduce cost, and drive growth. The right technology
The ABA Endorsement Process and What it Means for Banks
Bankers enjoy a dizzying array of opportunities to leverage new partnerships to cut costs, boost profits, improve technology, enhance the customer experience – and sometimes – all of the above. That’s the good news. The not-so-good news is sifting through an increasingly complex landscape of new entrants and established vendors and vetting potential partners takes time,
The ABA Endorsement Process and What it Means for Banks
Bankers enjoy a dizzying array of opportunities to leverage new partnerships to cut costs, boost profits, improve technology, enhance the customer experience – and sometimes – all of the above. That’s the good news. The not-so-good news is sifting through an increasingly complex landscape of new entrants and established vendors and vetting potential partners takes time,
How to Write a Good SQL Query
You’ve been coding feverishly for ten minutes. You’ve got twenty table joins lined up, and you’re ready to execute your newest monster SQL query. A single bead of sweat rolls down your forehead as you timidly press the button to execute. You watch the SQL engine spin as it starts to process your query. One
How to Write a Good SQL Query
You’ve been coding feverishly for ten minutes. You’ve got twenty table joins lined up, and you’re ready to execute your newest monster SQL query. A single bead of sweat rolls down your forehead as you timidly press the button to execute. You watch the SQL engine spin as it starts to process your query. One
The Banking Technology Roadmap: Successful Fintech Partnerships
Borrower expectations are shifting. Fast, secure, and accessible digital services are no longer an advantage – they’re imperative to remaining competitive. With the rising popularity of non-traditional banks and lenders, banks are seeking innovative ways to meet changing expectations, compete with new challengers and remain profitable.
The Banking Technology Roadmap: Successful Fintech Partnerships
Borrower expectations are shifting. Fast, secure, and accessible digital services are no longer an advantage – they’re imperative to remaining competitive. With the rising popularity of non-traditional banks and lenders, banks are seeking innovative ways to meet changing expectations, compete with new challengers and remain profitable.
4 Reasons Why Outsourced Mortgage Fulfillment Warrants a Fresh Look
Even in the best of times, mortgages can be challenging for community lenders. Fannie Mae reduced its 2019 volume estimate, and the 2020 outlook isn’t much better. Average origination costs have hit a new high – $10,200 according to research by the Mortgage Bankers Association and Stratmor – squeezing margins even more.
4 Reasons Why Outsourced Mortgage Fulfillment Warrants a Fresh Look
Even in the best of times, mortgages can be challenging for community lenders. Fannie Mae reduced its 2019 volume estimate, and the 2020 outlook isn’t much better. Average origination costs have hit a new high – $10,200 according to research by the Mortgage Bankers Association and Stratmor – squeezing margins even more.
Digital Transformation: The State of Play for Community Bankers
Digital transformation was on the program and on the minds of the attendees at the American Bankers Association Conference for Community Bankers in San Diego this week. I moderated a panel featuring Bryan Luke, President and Chief Operating Officer of Hawaii National Bank, and two of my colleagues, Ken Janik and Colgate Selden.
Digital Transformation: The State of Play for Community Bankers
Digital transformation was on the program and on the minds of the attendees at the American Bankers Association Conference for Community Bankers in San Diego this week. I moderated a panel featuring Bryan Luke, President and Chief Operating Officer of Hawaii National Bank, and two of my colleagues, Ken Janik and Colgate Selden.

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