TECHNOLOGY FOR THE MORTGAGE INDUSTRY

Mortgage funds come from a variety of sources including

Larger organizations require and can afford automation tools for the administration and analysis of their mortgage portfolios where individual investors likely will not find it economical to invest in expensive mortgage technologies.

Generation of documents to register the mortgage and the actual mortgage contract can be both manually and automatically completed. 

Land title checks can be done online by lenders (or brokers on behalf of their private investors)  to determine the risk associated with their investment. 

In Toronto Canadian company Teranet is supplying online Land Registry and Mortgage Info through their  Teraview product.   This should greatly increase the efficiency of the mortgage registration process and also increase the quality of data in the registry.

Automated Valuation Models are available for automated appraisals of properties to check purchase and submitted appraisal prices and to assess portfolios ongoing.

For institutional lenders such as chartered banks,  customer data for various lines of business (savings accounts versus loans) is often disparate and no single consolidated customer record exists within the organization.  This poses a challenge for relationship management and customer service.

The "Technologies for the Mortgage Industry" site was created by Adriana Ieraci, a graduate student at the University of Toronto (Canada).  This site was developed for a graduate course - JCI1503 - Advanced Topics in Computing and Information Systems - as a term project requirement.  Much of the content material and web links presented on this website have been collected from existing sources.  You should not assume that any of this is error-free or that it will be suitable for any particular purpose you may have in mind when using it.  The site is meant to be solely a project in an educational context - and has no other purpose.  The author,  the University of Toronto or any of its divisions, including the course instructors, unequivocally declare that they do not endorse any of the companies or products mentioned or statements made in or referenced on this site.

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