Technology is crucial for innovation

Currently less three mortgage professionals in 10 (29%) think their current processing systems are sufficiently flexible to support the innovative mortgage product of the future.

Joe Pepper, managing director, EDM MSS, said: “Lenders are reacting to the intense competition in the industry by developing ever more innovative products, which is to the benefit of consumers.

“It would be a dis-service to consumers if the right technology isn’t in place to deliver those products to them."

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