During my discussions with analysts , I observed that various retail banks especially mortgage lenders struggling with implementation of new regulations in their IT systems. Especially if you have a third party LOS, or legacy technology LOS, or 'heavily
customized-unsupported-by vendor' LOS - it is going to be nightmare.
Also if you are in the process of IT /business transformation - moving to new LOS platforms might be forced to make changes both in the outgoing and incoming systems.
With regulations keep changing, can we think of different model? why dont we push some regualtory changes into operations /BPO - do-it-outside-your LOS - especially areas like documents or disclosures!
innovative ideas invited!