The ‘push-button’ world is on its way
My son is getting married this month, and I have wished more than a few times over the past couple of months
that there was a “Push Button. Get Wedding!” app I could add to my phone. It’s all the little things that pile up, like
food and flower choices, invitations and thank-you notes, music and wedding favors. Then there are the issues of
lodging and transporting out-of-town guests and coordinating everything with the other set of in-laws.
Sound familiar? It feels like wedding planning and mortgage loan processing have a lot in
common. They each take a lot of people and a lot of time to complete, have a lot of moving
pieces that need to be tracked at every stage of the process to make sure nothing goes
wrong and are mired in traditions and technologies from the last century.
Luckily, the mortgage industry has taken some long strides into the 21st century
over the past 10 years, and the interest in mortgage technology seems to be
increasing at a rapid pace, at least according to the huge number of professionals
who want to write about the subject in our annual technology issue. For the
second year in a row, we had a record number of submissions for the October
edition of Scotsman Guide.
We begin with an article by Brian Fritton of Patch of Land. His article, which
starts on Page 37, discusses the promise of technology for both borrowers and
originators. Next, Dustin Sheppard of Special Agent X asks if your company is on
the right path when it comes to technology. To find the answer, turn to Page 89.
Then, flip to the back of the magazine for an interesting take on the topic from Adam
Thorpe and Kyle Swensen of Castle and Cooke Mortgage LLC, who feel it is time to rip off
the technology Band-Aids and make real process changes. Their article is on Page 164.
Of course, any advancement in technology also brings risks, especially at the hands of hackers. Al Stanley of
Angel Oak Companies provides five tips that originators should follow to help protect borrower data. His article
is on Page 152. For a look at how technology is reshaping the appraisal industry, turn to Page 72 and read the
article by Paul Doman of Accurate Group. Then, on Page 106, Brian Honea of Little Creek Real Estate discusses
several emerging technologies that could transform the industry.
Looking beyond the topic of technology, we also have articles on handling disclosures, reaching millennials
and more. Originators interested in a better way to gather the external data needed for Closing Disclosures
should read the article by Tiffany Bjarnson of Simplifile on Page 65. To learn how to unlock the millennial market
through education, turn to Page 117 for the article by Ginger Bell of Morf Media.
There is plenty more to find in this issue of Scotsman Guide. Just like a wedding-invitation list, our October
technology issue ballooned in size this month, which isn’t a problem for our online readers who can read it all
with the push of a button.
From the Editor
By Will McDermott
Will McDermott is editor of Scotsman Guide Residential Edition.
Reach him at (800) 297-6061 or firstname.lastname@example.org.