Mortgage is the loaning of money against collateral. In much of the industrialized world, mortgage volumes have been high in recent years, driven by falling interest rates and - in some countries - by widespread refinancing. Lenders have profited considerably from this bonanza. However, the number of bad loans too has been rising.
Mortgage processing has become a competitive area where some strategies might help, such as: delivering product innovations and enhancing value; strengthening and customizing the brand; outsourcing the mortgage processing business; and insourcing mortgaging business where economies of scale exist. As the cost of keeping good loan processors keep rising, outsourcing loan processing has become essential for mortgage brokers and lenders to stay competitive. Mortgage processing facilities help in closing loans faster, keeping overheads low, and getting mortgage loan processing done more efficiently.
In this section of the directory, we provide links to many mortgage processing services and related resources.