In the highly competitive field of mortgage loan origination system technology, vendors must go to great lengths to stand out in the crowd.
As a founder of Blueberry Systems, Wil Armstrong has sharpened his leadership skills as the company’s CEO, and he’s sharing winning strategies for transitioning from the sidelines to the scoreboard in today’s mortgage business.
It is easy to get turned off by politics, especially in view of the strident nature of recent political campaigns and partisan intransigence that seems to have kept Washington in a stranglehold.
The late Steve Jobs once remarked, “I have a great respect for incremental improvement, and I’ve done that sort of thing in my life, but I’ve always been attracted to the more revolutionary changes.”
WE’RE HEARING…that the downfall to new technology is that it can feel much like paving the freeway during rush hour—it is very complicated, fraught with risk and susceptible to failure. Luckily, there’s an antidote.
By Wil Armstrong.
It is no secret that the changing market landscape has created new opportunities and threats for mortgage bankers— no more so than the changing economics around mortgage servicing rights.
New data behind technology outsourcing points to some contemporary advantages from a tried-and-true strategy.
Once the darling of bank balance sheets, mortgage servicing rights are the ugly duckling of depository assets.
Large lenders that once prided themselves on creating massive servicing portfolios have suddenly stopped talking about economies of scale. Instead, they’ve come under fire from regulators and consumer advocates amid accusations of shoddy foreclosure and loss mitigation work.
Wil Armstrong is in a unique position to consider the state of mortgage banking technology, because he works on both sides of the equation.
MORTGAGE TECHNOLOGY MAGAZINE- Blueberry Systems Named Top 50 Service Provider.