4 October 2022
Once a cloud-native platform is operational, the Celent analysis shows that recurring costs to maintain it can drop by more than 80%. This means…
Craig Focardi, CMB
News articles
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26 September 2022
By Craig Focardi, Principal Analyst, Celent. Banking and financial markets are beginning to feel the effects of inflation and rising interest ra…
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16 November 2021
Today’s HousingWire Daily features a roundtable discussion on how the eClose explosion is reshaping the mortgage experience for lenders, hosted…
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8 November 2021
AI can improve customer engagement, provide analytics and handle back-office tasks, but the technology has its own drawbacks that financial inst…
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11 October 2021
“The independent mortgage bank market share tends to go up and down with interest rates and lending volume, particularly refinances,” said Craig…
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24 September 2021
“Capital markets funding is the lifeblood of retail mortgage lending. Digitizing loan documents and lending processes will lower costs to the re…
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15 September 2021
Many lenders have focused on modernizing their loan origination systems in recent years but have neglected what comes after a loan is made, acco…
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8 February 2021
“Standing up a second core system on a developmental, pilot and partial basis is more common,” said Craig Focardi, senior analyst at Celent. “It…
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30 May 2018Quicken Loans' Rocket Mortgage has made waves because it promises to process a mortgage application in minutes and close the loan in under a mon…