The Wallet by ProQuest


According to Bend, Oregon-based MORTECH LLC's January MORTECH 2070 report, "Core Technology Use and Systems Shopping," lenders are "making up for delayed technology spending and will increase their spending on information infrastructure in 2011," a MORTECH press release stated. In the survey -- a stratified random sample of all lenders producing at least $50 million per year in residential single-family mortgages -- lenders of all sizes indicated they plan to increase information technology (IT) investments in 2011. Another MORTECH 2010 study, "Industry Outlook and Lenders' Response," released in February, found that lenders continue to adapt to operational pressures and are spending time and resources on necessary but less-strategic activities.

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