Mortgage CIOs Discuss Impact, Innovation Tied to Covid-19 Experts Discuss How the Pandemic has Impacted Work Flexibility, Automation, and Data Strategy Saxony Partners convened a virtual panel of mortgage industry chief information officers to discuss how they have navigated the global pandemic and the effect it has had on their companies, and the industry as…

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We continue to work with our clients and colleagues to help them mitigate the impacts of Covid-19, which has created a variety of serious impacts (economic and otherwise) across all of the industries we serve. Together, we have devised, built, and serviced solutions that are helping companies survive and navigate the so-called new normal. Below…

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How to Effectively Manage an LOS Project From communication to organization to vendor management – these are the make-or-break focus areas for those planning an LOS project. To effectively manage an LOS implementation, the project manager must have a clear understanding of the issues their organization is trying to solve by implementing the new system.…

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4 Things to Know Before an LOS Implementation Here are some tips and advice for lenders considering a new LOS implementation. Making changes to or installing a new Loan Origination System (LOS) is a major decision for a mortgage lender. After all, the LOS is the digital heart of your organization. Let’s highlight four key…

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Saxony’s Alex Fan Shares Thoughts on PPP Automation Project Alex Fan, Saxony’s Vice President of Financial Services, shares his thoughts on the Paycheck Protection Program and banking automation tools – and sets the stage for PPP forgiveness. In the midst of the global COVID-19 pandemic, we’ve seen news stories highlighting the resiliency and strength of…

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Coronavirus Recovery: A PPP Automation Success Story Integration, Automation, and the Paycheck Protection Program (PPP) Politics and hiccups aside, the CARES Act and specifically the Paycheck Protection Program (PPP) have helped many of small companies stay afloat during this time of economic shutdown. For Alex Fan, Vice President of the Financial Services, the PPP specifically led…

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Covid-19 Has Made the Digital Business Model Critical for Everyone A digital business model need not be complex, but it does need to be thorough, and methodical to maximize and fully capture the value of the digital transformation. “Many enterprises saw digital as an adjunct to their traditional customer experiences or business processes. Going forward,…

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Measuring the Impact of COVID-19 on the Mortgage Industry Everyone – borrowers, lenders, servicers, and consultants – connected in any way to the mortgage industry is looking for information about how the coronavirus and COVID-19 has impacted, is impacting, and will continue to impact this key pillar of the global economy. Saxony’s Financial Services team…

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Digital Strategy, Access to Data Transforms Financial Services Firm  Right-size Technology Solutions, Enterprise Data Warehouse Spurs Turnaround In late 2017, a private equity firm approached Saxony Partners’ Financial Services team with a problem – a Financial Services company they owned was losing money. The company included a large mortgage department, which accounted for the bulk…

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How Do You Know You Need a New LOS? Loan origination systems are easy targets when things go awry at mortgage firms. “I’ve seen situations where LOS pain has escalated to the point that it becomes an emotional thing,” said Alex Fan, Vice President of Saxony Financial Services. “At that point, people start blaming the…

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