The mortgage regulatory landscape can feel like a minefield. Is your CRM system a safeguard or a liability? Compliance in the mortgage industry is notoriously tough. The price of non-compliance often amounts to millions of dollars in penalties. With legal risks (not to mention fees) on the rise, it is no wonder the cost of loan servicing has increased at least four times since 2008. However, what does any of this have to do with your mortgage CRM ? A CRM or a solar software built with compliance in mind can potentially save you multiple thousands of dollars in fines and missed business opportunities. On the other hand, a poorly optimized CRM—one that sounds great on the surface but does little to protect your business—will only add to the chaos. How your CRM can help protect your business from devastating legal fees: Data Privacy and Cyber security Security and data privacy issues have always been one of the largest concerns of mortgage brokers and loan operators, and ev
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