QR Lending today announced that it is conducting a complimentary webinar for credit unions on Wednesday, February 24, 2016 at 2:00 p.m. ET titled Mortgage Lending: The Right Tools and How to Use Them. This timely online discussion will help attendees gear up for challenges they will face in 2016, including regulatory compliance issues.
Mortgage lending will change significantly in the months ahead. Because of this shift, it’s wise for lenders to question whether their current technology (or mortgage services partner) is adequate for the challenges that 2016 will present. This year, mistakes in the process may be irreparable. Do-overs will be a thing of the past, and even an institution’s portfolio may not be an option anymore.
Amid this confusion, profitability pressures are mounting. As operational expenses and capital requirements increase, some experts say that investing in transformative technology systems can be a possible solution to the credit unions’ situation. The experts claim those expenditures will help offset costs, maintain regulatory compliance and improve operational efficiencies. However, that course of action raises concerns about affordability. The question is, can credit unions achieve those same results and benefits without resorting to heavy investments in new technology? This webinar will take an in-depth look at the options for credit unions, and highlight the cost-effective impact that partnering with QR Lending can have on the future.
Attendees will learn:
- What technologies are needed in order to correctly process mortgages and comply with regulations in the new lending environment
- How credit unions can benefit from an LOS that integrates all the sophisticated processes required to produce compliant and saleable loans – without technology outlays
- The benefits of a single system for satisfying disclosure requirements, pulling credit and scoring loans, underwriting, closing the loan and servicing the credit
- How to gain the accuracy, speed and flexibility to achieve a competitive edge – even in a hotly contested marketplace
- Why easily changing your business model just makes sense – and for multiple reasons
Credit unions may register for this event at www.qrlending.com/webinars, or for immediate assistance contact QR Lending at 888.766.4734.