Mortgage Software Solutions Blog

Cyber thieves are amping up their attacks on major banks and the U.S. Federal Reserve. Recently, $81 million dollars was stolen from a Bank of Bangladesh account at the New York Fed. Cybersecurity officials are rapidly securing possible entry points for cyber thieves, finding that the most ordinary access points, such as email and social media accounts, can be all a thief needs to gain access to highly sensitive data. What does this mean for mid-sized lenders in the mortgage industry?

Wear a seatbelt—navigate your cloud-based systems with safety in mind. 

“Safety first.”

It’s a pretty easy idea to agree on. We all think safety is important.

One of the most important reasons for any mortgage business to make changes in the way it uses software is to increase the productivity of their workforce. The key, though, is finding a software solution that doesn't get in the user's way. The more flexibility a platform offers in accessing information, carrying out tasks, and securely collaborating, the more your mortgage employees can get done. ABT's cloud software makes all these things possible.

Cyber thieves are amping up their attacks on major banks and the U.S. Federal Reserve. Recently, $81 million dollars was stolen from a Bank of Bangladesh account at the New York Fed. Cybersecurity officials are rapidly securing possible entry points for cyber thieves, finding that the most ordinary access points, such as email and social media accounts, can be all a thief needs to gain access to highly sensitive data. What does this mean for mid-sized lenders in the mortgage industry?

Cloud computing can empower the mortgage industry by streamlining processes, reducing errors, and improving efficiency. However, some institutions are still a bit hesitant, when it comes to integrating Cloud computing into their strategies.

The benefits of switching your mortgage company's servers and desktops to the cloud go beyond just joining the latest technology trends. You've no doubt heard plenty about the cloud over the last few years, with both positive and negative reactions. However, almost all of the negative reactions come from simple misunderstandings about cloud system capabilities. These days, cloud technology can not only do everything your old in-house servers and desktop computers can do, but they can do it more affordably, more securely, and with far more adaptable features.

In today’s business climate, security and workforce needs are constantly changing. Like many other industries, the mortgage industry must face a whole slew of technological challenges, and they need solutions that have been adapted to those ever-changing trends.

Mortgage companies are now required to adhere to the same stringent regulations for protecting consumer data as banks. These regulations can add to the time it takes to process applications and increase the costs of training your staff on the proper handling of data. To avoid these wasteful expenses, Access Business Technologies has provided mortgage companies with a solution through our MortgageWorkSpace platform. This innovative platform allows mortgage companies to process applications and monitor current client information, while training employees and adjusting business practices to comply with the new regulations.

Employee data security is no longer an option in the mortgage industry. It's a necessity. More employees than ever before in the mortgage industry are working from home, and branch offices are regularly moving between companies.  You don't want them moving your vaulable customer data with them.

Think about all of the different people who have the ability to access your company and customer data: employees, contractors, and even your very own mortgage officers. As employee data theft continues to become a mounting concern for mortgage companies, using foolproof cloud desktops is the best way to keep your data from walking out the door.