Without Data Standards, the Mortgage Industry doesn't go Digital

Prabhakar Bhogaraju, Sandro Barchitta, John Burgess, and Noah Israel

While the mortgage industry is finally accepting the challenge to digitize and innovate, they still have a long road ahead. As they continue on that journey, they must keep in mind the often-overlooked importance of data standards to support replicable and sustainable solutions. Data standards are the foundation for the new digital model, providing benefits across the board - from a common vocabulary and taxonomy to reducing inconsistencies, simplifying processes, and improving interoperability. Without this foundation, the mortgage industry does not successfully go digital...read more here

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