Harnessing Cloud Computing for Real-Time Mortgage Data Analytics and Reporting |
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| © 2024 by IJCTT Journal | ||
| Volume-72 Issue-5 |
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| Year of Publication : 2024 | ||
| Authors : Amrish Solanki | ||
| DOI : 10.14445/22312803/IJCTT-V72I5P124 | ||
How to Cite?
Amrish Solanki, "Harnessing Cloud Computing for Real-Time Mortgage Data Analytics and Reporting," International Journal of Computer Trends and Technology, vol. 72, no. 5, pp. 198-203, 2024. Crossref, https://doi.org/10.14445/22312803/IJCTT-V72I5P124
Abstract
In today's digital era, the mortgage industry is undergoing a significant transformation, driven by advancements in data analytics and cloud computing technologies. Mortgage originators are increasingly relying on advanced analytics to optimize various aspects of their operations, from lead generation to risk management. By leveraging cloud computing, these originators gain access to real-time mortgage data analytics and reporting capabilities, enabling them to make informed decisions, detect market trends, and enhance operational efficiency while mitigating compliance risks. Despite the benefits, the industry faces traditional challenges in data management, including the integration of disparate data sources, data security, and compliance concerns. However, cloud computing offers solutions to these challenges by providing scalability, flexibility, and seamless integration capabilities. Implementation hurdles such as legacy system integration and data migration require careful planning and strategic collaboration with technology partners. Nevertheless, by overcoming these challenges and harnessing the power of cloud computing, mortgage originators can streamline their operations, lower costs, and improve customer experiences, ultimately driving growth and success in the mortgage industry.
Keywords
Mortgage industry, Data analytics, Cloud computing, Real-time reporting, Mortgage originators, Data management challenges.
Reference
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