National Mortgage Professional Magazine recently caught up with Alok Bansal, Managing Director of Visionet Systems. The intent was to find out more about the recent announcement about VisiLoanReview’s integration with Encompass and what this means for the current users of Encompass.
Do you think the mortgage industry has changed a lot in the last couple of years? And how?
Alok Bansal: Yes, I think the mortgage industry has truly evolved in the past few years. It’s a welcome change which is taking us to the future of how mortgages will be processed, and it really feels like the beginning of a new era, “The Technology-Led Era.” Earlier, the industry was very reluctant in accepting technology products, but, now, I think most of the industry seems to be embracing it very well. Technological advancements like artificial intelligence (AI), machine learning, RPA and data analytics appear to be steps in that direction now. Having said that, I also feel that human intelligence and processing will continue to be an integral part of the industry.
Read the entire interview here