Latest opinions that Ramani Balakrishnan has shared on Finextra

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Ramani Balakrishnan

Transformation Solutions

TCS

Member since

21 Jan 2015

Location

Chennai

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Ramani's opinions

TRID is almost here- are the mortgage lenders ready?

- are your product vendors ready ? - if you are moving from one LOS to another, are u making changes in both LOS? -are you sure your product vendor will support all loan types? -how do you collaborate with settlement agents now? you need to issue accurate CD 3 clear days before closing? - where are you now?

18 May 2015 /regulation /retail Financial Services Regulation

fee and revenue by lending other's money

With P2P lending hitting high in industry, banks should jump faster to tae advantage this- innovative ideas flexi loans and flexi deposits - letting lender-customers and borrower-customers decide the interest rates and terms - banks can make more money thorugh documents, fees, faciliating mobie and card payments and enable lending as an aggregator...

09 February 2015 /retail Innovation in Financial Services

Should we go digital all the way?

For the last few years see every stakeholder in every industry is pushing for digital, digitization with their own agenda citing various benefits such as productivity improvement, reduced cost of operations , increased customer experience and so on. Doing right things is one and doing things in rightway is another. By having mobile front end to te...

04 February 2015 /retail Innovation in Financial Services

Should banks keep changing their IT systems with regulatory changes?

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 pro...

29 January 2015 /regulation /retail

Back to Non Banking Lenders!

With Quicken replacing Bank of America , gaining third place in top 10 residential lenders couple of years ago, signalling the era of non-banking lenders to start all over. PHH always tried to be in top 10 , Freedom Mortgage is catching up the leagues with 30 biilion USD loans projected next year! market share of banks coming down year over year...

27 January 2015 /retail