Entries by Randy Schmidt

Can We Talk?

By Randy Schmidt

Are Your Borrowers Engaged?

By Randy Schmidt

Borrower Communication Comes Of Age

By Randy Schmidt

The New Electronic Document Exchange

By Randy Schmidt

Electronic Documents: Signed, Sealed And Delivered

By Randy Schmidt

Are You Prepared?

By Randy Schmidt

Magazine Feature: The Tablet That Means Business

*The Tablet That Means Business*
**By Randy Schmidt**

***There’s no denying that the world is going mobile. Consumers are conducting more and more business from their mobile devices. Lenders are also looking to make the move to mobile. As a software vendor, one of the first questions that we get asked is whether our products will work on a tablet. Although Data-Vision specializes in utilizing the Internet for our Software as a Service applications, this question was not always easily answered. While our LoanQuoter point-of-sale product is browser based and will run from virtually any platform, our RemoteDoc document delivery product was a different story. RemoteDocs utilizes a virtual printer to create packages and that printer was designed specifically to run on Windows devices. This dichotomy is the biggest hurdle that lenders face in trying to make the move to mobile. Although many new products are being designed with mobile in mind, the majority of legacy applications still need to be run on a desktop. On February 9, 2013 Microsoft bridged that gap when they released the Microsoft Surface Pro. The Surface Pro is a fully functional Windows 8 machine with the form factor and touch screen of a tablet. But don’t let looks fool you. With an Intel i5 processor, 4GB of Memory and 128GB of storage space this new device is more of a PC or ultrabook than it is a tablet.

Magazine Feature: The Mobile Impact

*The Mobile Impact*
**By Randy Schmidt**

***The mobile revolution is expanding at an unprecedented pace.  In a research report called “The Mobile Revolution & B2B” by Christina Kerley, she says,  “with over 5 billion mobile subscriptions worldwide, that eclipses the combined penetration of PC’s, landlines and TV’s”.

Nothing But Net: Channel Integration: A Dynamic Single Online Platform

*Channel Integration: A Dynamic Single Online Lending Platform*
**By Randy Schmidt**

***As origination volumes decline and lenders battle for prospective borrowers, it is critical for lenders to be where their potential borrowers are. A recent study showed that there are 51.5 million potential homebuyers born between 1979 and 1991. This group of people commonly referred to as “millennials” comprise nearly a quarter of the total US population.

Nothing But Net: Data Security [Part Two]

*Data Security (Part Two)*
**By Randy Schmidt**

***In my last column, I wrote about what a SAS70 can tell you about a prospective vendor. I also explained how a SAS70 is created and how the vendors themselves decide which policies, procedures and controls are reviewed and tested. Today, I will try and give you some items to consider when reviewing a particular vendor’s SAS70 or SSAE16 report.