The same factors that permeate the banking industry as a whole - consolidation, the inertia of heavy capital investment in last-generation technology, the daunting complexity of conversions, and the enormous risk associated with failure - are well represented in mortgage banking.

As with core systems, mortgage servicing is primarily controlled by a few key players. They, like their brethren in other sectors of the industry, are cautious about adopting emerging technologies.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.