NMP - February 2018 - 73

PERLESS a special focus on THE PURSUIT

"Modern technologies and the accelerating pace of
innovation have transformed an industry that once
relied on fax machines and rooms of people to one that
is now dependent on automation, cloud computing and
the Internet of Things-a trend that is changing how
entire civilizations live, work, shop and play."

Stanley Street is a leader in the mortgage warehouse lending
industry and a frequently cited expert on mortgage banking
finance. He currently manages the strategic vision of Street
Resource Group Inc., a provider of information systems and
business process consulting to the financial services industry.
The company's flagship technology product, the SRG
Warehouse Loan System (WLS), completely automates the
entire mortgage warehousing process and improves efficiency
and profits for both warehouse lenders and mortgage
originators. He may be reached by e-mail at
SStreet@StreetreSource.com.

n National Mortgage Professional Magazine n FEBRUARY 2018

transaction provides direct
benefits by reducing operational
risk, improving data quality and
elimination of lost notes. Similar
benefits await those who make
the commitment to integrate with
eNote solution providers and
collaborate with each other to
forge this new ecosystem, which
will ultimately make mortgage
lending safer and more
convenient for borrowers.
In nature, ecosystems evolve
and change when new events or
factors are introduced, but one
law of nature never changes-
survival of the fittest. No matter
what your role in the mortgage
ecosystem is, your future will
depend on your ability to adapt to
this unique environment. What
better time to start than now?

NationalMortgageProfessional.com

clients, partners and vendors
through a consistent fulfillment
model for all mortgage
transactions.
Things have not yet evolved
that far. As of this writing,
however, there have been
343,316 eNote registrations on
the MERS Registry. A total of 68
companies have access to the
MERS Registry and 23 have
registered at least one eNote.
Also, there are eight warehouse
lenders that have funded at least
one eNote, which is roughly 10
percent of all warehouse lenders
in the industry. That's not a bad
start.
Technology provides tangible
benefits to improve operational
costs. For the warehouse lender,
shifting from paper to a digital

73


http://www.NationalMortgageProfessional.com http://www.napmw.org

Table of Contents for the Digital Edition of NMP - February 2018

Contents
NMP - February 2018 - Cover1
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NMP - February 2018 - 1
NMP - February 2018 - Contents
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