Mphasis Digital Risk featured in Spencer Lee's extensive research paper Future of Mortgage Lending 2022 published by National Mortgage NewsAugust 08, 2022
Much of the time involved in mortgage processing is baked into the process of a complicated, highly regulated transaction, with delays sometimes inevitable to ensure that all parties comprehend the detail of the transaction, according to Woody Fowles, vice president, operations services at Mphasis Digital Risk, a technology-based originations and compliance solutions provider. The industry could increase satisfaction surrounding closing times by keeping customers better informed about the intricacies involved.
“You have to educate the first-time homebuyer a little bit. Part of their frustration is they don’t understand the regulations around what to do.” Woody Fowles, Mphasis Digital Risk