Data Mitigates Risk With good data, it's possible to overcome the obstacles to enterprise risk management
Enterprise risk management is an idea whose time has come for the mortgage finance industry, but its realization remains elusive. For lack of ERM, originators and servicers are experiencing severe discomfort with regulatory compliance and anticipating more pain to come. As with most complex processe...
Saved in:
Published in | Mortgage Technology Vol. 20; p. 8 |
---|---|
Main Author | |
Format | Trade Publication Article |
Language | English |
Published |
New York
SourceMedia
01.10.2013
|
Subjects | |
Online Access | Get full text |
Cover
Loading…
Summary: | Enterprise risk management is an idea whose time has come for the mortgage finance industry, but its realization remains elusive. For lack of ERM, originators and servicers are experiencing severe discomfort with regulatory compliance and anticipating more pain to come. As with most complex processes, the devil is in the details and for mortgage lending, the details are in the data. More specifically, in an industry inundated by data, the primary obstacle to ERM is the lack of a standard data format. That challenge is compounded by barriers to moving data efficiently. |
---|---|
ISSN: | 1098-4038 |