What to learn from Mortgage Bankers Association Annual Conference 2016?

Oct 26th, 2016: This year’s Mortgage Bankers Association Annual Conference saw a gathering of eminent industry leaders to discuss the top trends and market insights of the global mortgage industry. The event, MBA's Annual Convention & Expo, was held during October 23-26, 2016, in Boston. Suma Soft Pvt. Ltd., India’s top mortgage processing services provider, also participated in the event to share its expertise of more than 16 years in providing end-to-end mortgage processing services to global enterprises.

The event is considered to be a launch pad for up and coming organisations who wish to be a part of this industry. Mortgage industry is witnessing enormous transition with the growing influence of technology. Thus, this event was a platform for exchange of ideas on how to face the current industry challenges, some of which are technical support for mortgage processing services, 24x7 customer relationship management, mobile app management, security and automation testing, and such others.

It is being observed across geographies that Millennials look for mortgage advisors that are easily accessible to them over phone, social media, digital platforms, etc. Mortgage Bankers Association Annual Conference 2016 outlined the growing need of digitization in this industry and also, how enterprises can enable a smooth transition to address technology needs. The event also included detailed discussions on integration of e-signature, eNote, eVault, and eNotary functionality. With these new features, lenders will be able to decrease turn-around-time, reduce errors, and provide an improved customer experience.

MBA's Annual Convention & Expo saw an esteemed panel of speakers, including leading banking & finance entrepreneurs who have been in the industry for over 25 years. The speakers discussed contemporary needs of first-time home buyers, moderate-to-low income borrowers as well as untapped market sects. For originators, insurance companies and investors, the speakers highlighted potential future opportunities as well as best practices on liquidity management. Experts from Suma Soft familiarized the gathering with the “operational transformations” that are required for mortgage industries to stay profitable in today’s market scenario.

Suma Soft has been a pioneer in blending technical expertise into traditional mortgage processing services. With an extended mortgage processing service including credit &loan processing services outsourcing for USA, mortgage loan origination processing, finance and accounting outsourcing services, banking and financial outsourcing solution, credit processing solutions, loan processing solutions and loan underwriting, Suma Soft has assisted organizations in improving their businesses and increasing profits. With this event by Mortgage Bankers Association, Suma Soft takes a step ahead in addressing global needs of mortgage processing industry.

For a quick insight on solutions provided by Suma Soft for mortgage processing services, please connect at: http://www.sumasoft.com/bpo-services-usa/mortgage-processing-services/