Executive Conversation: Alok Bansal on Zero-Cost Technology


Executive Conversation: Alok Bansal on Zero-Cost Technology

Executive Conversations is a HousingWire web series that profiles powerful people in the financial industry, highlighting the operations and the people that make this sector tick. In the latest installment, the Housing Wire team sat down with Alok Bansal, managing director of Visionet Systems, to discuss zero-cost technology — an alternative to the buy vs. build conundrum lenders often face.

 Q. What are some of the challenges for lenders as they consider whether to buy or develop new technology solutions?

Lenders today are battling with high-interest rates, declining loan applications, and higher cost of compliance. All of this is leading to an increase in the cost of producing a loan. In fact, many originators are reporting a net loss on each loan that they originate.

Technology seems to be the savior, as it can help streamline and automate operations while reducing costs. But going about selecting the right technology to buy or develop can be a challenge in itself. If you buy, you have significant upfront costs and there will be a significant time gap until you start reaping the ROI.


For more insights and perspectives, read the entire interview, as published on Housing Wire here:  http://bit.ly/2OzONYd