A Technology Response to the Great Recession: The Case of Dmd (Mortech Musings‪)‬

It's no secret how difficult it has been for mortgage lenders to survive the credit crisis of 2008 and the Great Recession caused by lack of liquidity. The greatest impact on the average lender from the recession is a scarcity of loan volume. In MORTECH LLC's survey research (MORTECH annual surveys of lender use of mortgage technology), we find lenders are perfectly clear that their greatest need is to build loan production. Lender reactions to unusual conditions are pretty basic: Build by expanding their distribution capabilities--add offices and hire loan officers. Leases and laptops.