Data’s Role in the Mortgage Industry

Conversations about data remain at an all-time high: big data, data management, data security—the list goes on. It’s easy to feel like your organization should just embrace it all, but there are quite a few nuances, so it’s important to educate yourself before getting started. It’s key that organizations are using data the right way, as the misuse of data and analytics can lead to misinformed analyses and impact decision-making.

For mortgage lenders or anyone involved in the homebuying process, it’s critical to understand the role data can and should play in the mortgage industry, as well as some of the potential challenges companies could face when working with data.

This piece originally appeared in the November 2021 edition of DS News, available here.