Here is the synopsis of our sample research paper on MORTGAGE INDUSTRY AND SOFTWARE SOLUTIONS. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 4-page paper provides an overview of some mortgage software programs to help boost efficiency and elimiate some costs. Bibliography lists 4 sources.
Page Count:
4 pages (~225 words per page)
File: D0_MTmorsof.rtf
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Unformatted sample text from the term paper:
promise for controlling the mortgage industrys paperwork" (.p. 53). The technology, she pointed out, did a good job of combining document management, routing and queuing. But the downside, at the
time, she pointed out, was that workflow technology had high costs that were difficult to justify, namely because the mortgage industry as a whole has so many people and processes
necessary (Valentine, 1999). The key to success, she concluded, was to design the workflow first, then incorporate the technology (Valentine, 1999). Even these
days, high costs and inefficiencies still exist in the mortgage industry, especially on the closing end (Harmon, 2004). But there are some companies that have developed hardware, software and systems
to help increase efficiencies while reducing errors. As well see later on in this paper, the Internet has gone a long way toward revolutionizing the entire industry, and will continue
to do so. The good news is that, five years later, workflows in the mortgage industry are showing improvement, meaning technology is able
to add more assistance with various products and services. The Internet, as a whole, is now a widely used tool and medium within the industry (Royse, 2004). MortgageHub is one
company that has stepped in to take advantage of both the industry and the technology available. This company is a Web service platform provider that is creating products and services
(software included) to help improve loan operations that are conducted through the Internet (Royse, 2004). The products are available to those in the industry who work both in the retail
and wholesale channels (Royse, 2004). The name "MortgageHub" comes from the way in which the products work - namely, the goal of the company is to build and provide mortgage
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