Image by Rutty
Berkery Noyes, “the only middle-market investment bank with research and M&A transaction teams dedicated to the mortgage technology, regulatory and compliance market,” has just published its 2009 Recap and 2010 Predictions For the Mortgage Technology Market.
Providing a view from 30,000 feet, the report lists a number of high-profile M&A transactions from 2009 and offers up a few trends in the mortgage technology space, including:
- accelerating vendor movement towards becoming a complete end-to-end solution provider
- more stringent lending guidelines and regulations increasing the need for compliance, fraud prevention and risk-mitigating technology solutions
- burden of ensuring proper compliance moves to the point of sale rather than merely at closing, and falls on all mortgage industry participants
In the context of these trends, the report states that market participants no longer see compliance and auditing solutions as “nice to have” – they have become “must have” solutions.
We couldn’t agree more.