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Draft survey from eMortgage Workgroup
1. Type of Company?
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| | Bank |
| | | 2 (18%) | |
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| | Investor |
| | | 1 (9%) | |
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|
| | Lender |
| | | 2 (18%) | |
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|
| | Solution Provider / Consultant |
| | | 2 (18%) | |
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|
| | Service Provider |
| | | 2 (18%) | |
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| | Professional Association |
| | | 1 (9%) | |
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| | Industry Utility |
| | | 1 (9%) | |
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Total: 11 |
2. Your department?
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| | Origination |
| | | 1 (9%) | |
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| | Fulfillment |
| | | 1 (9%) | |
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| | Secondary |
| | | 0 (0%) | |
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| | Servicing |
| | | 0 (0%) | |
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| | Doc Custody |
| | | 1 (9%) | |
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| | Technology |
| | | 6 (55%) | |
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| | Customer Relations |
| | | 0 (0%) | |
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| | Executive |
| | | 1 (9%) | |
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| | Product Division |
| | | 1 (9%) | |
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Total: 11 |
3. Your role?
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| | Sr. Management |
| | | 4 (36%) | |
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| | Management |
| | | 3 (27%) | |
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| | Technology |
| | | 2 (18%) | |
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| | Business |
| | | 0 (0%) | |
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| | Legal |
| | | 0 (0%) | |
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| | Management; Technology |
| | | 1 (9%) | |
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| | Technology; Business |
| | | 1 (9%) | |
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Total: 11 |
4. Are you familiar with eMortgages?
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| | Familiar |
| | | 11 (100%) | |
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|
| | Heard of eMortgages |
| | | 0 (0%) | |
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| | Not familiar |
| | | 0 (0%) | |
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Total: 11 |
5. What stage is your company at in eMortgage implementation?
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| | Production |
| | | 3 (27%) | |
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| | Pilot |
| | | 3 (27%) | |
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| | Development |
| | | 2 (18%) | |
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| | Strategy |
| | | 2 (18%) | |
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| | Research |
| | | 1 (9%) | |
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| | Not started |
| | | 0 (0%) | |
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Total: 11 |
6. What is your production timeframe?
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| | In process |
| | | 5 (45%) | |
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| | 3-6 months |
| | | 1 (9%) | |
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| | 1 year |
| | | 0 (0%) | |
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| | 2-3 years |
| | | 5 (45%) | |
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| | Longer |
| | | 0 (0%) | |
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Total: 11 |
7. How have you used MISMO in your eMortgage initiatives?
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| | Implemented MISMO standards |
| | | 3 (27%) | |
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|
| | Read / downloaded MISMO Guides |
| | | 0 (0%) | |
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| | Attended MISMO meetings |
| | | 0 (0%) | |
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| | Attended MBA eMortgage Workshop |
| | | 0 (0%) | |
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| | Networked with industry peers |
| | | 0 (0%) | |
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| | Have not utilized MISMO |
| | | 0 (0%) | |
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| | Implemented MISMO standards; Read / downloaded MISMO Guides; Attended MISMO meetings; Attended MBA eMortgage Workshop |
| | | 2 (18%) | |
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| | Implemented MISMO standards; Read / downloaded MISMO Guides; Attended MISMO meetings; Attended MBA eMortgage Workshop; Networked with industry peers |
| | | 3 (27%) | |
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| | Implemented MISMO standards; Attended MISMO meetings; Attended MBA eMortgage Workshop; Networked with industry peers |
| | | 1 (9%) | |
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| | Read / downloaded MISMO Guides; Attended MISMO meetings; Attended MBA eMortgage Workshop |
| | | 2 (18%) | |
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Total: 11 |
8. What do you perceive is the greatest benefit of eMortgages to your company?
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| | Cost savings |
| | | 2 (18%) | |
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| | Quality improvement |
| | | 0 (0%) | |
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| | Process efficiency |
| | | 3 (27%) | |
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| | Competitive advantage |
| | | 5 (45%) | |
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| | Security |
| | | 1 (9%) | |
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Total: 11 |
9. Where in your eMortgage process do you see the greatest benefit?
| | | | | | | (%) | 0 | 36 | 18 | 9 | 18 |
| Origination | | | | | | 1 | 2 | 3 | 4 | 5 |
| (%) | 0 | 0 | 27 | 27 | 27 |
| Closing | | | | | | 1 | 2 | 3 | 4 | 5 |
| (%) | 0 | 0 | 9 | 36 | 45 |
| Post-closing | | | | | | 1 | 2 | 3 | 4 | 5 |
| (%) | 9 | 0 | 36 | 27 | 18 |
| Servicing | | | | | | 1 | 2 | 3 | 4 | 5 |
| (%) | 18 | 0 | 18 | 18 | 45 |
| Capital Markets | | | | | 1 | 2 | 3 | 4 | 5 |
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Total: 11 |
10. Please rate these possible impediments to eMortgage adoption:
| | | | | | | (%) | 27 | 27 | 0 | 18 | 9 | 9 |
| Borrower acceptance | | | | | | 1 | 2 | 3 | 4 | 5 | N/A |
| (%) | 0 | 9 | 9 | 27 | 55 | 0 |
| Lender/investor adoption | | | | | | 1 | 2 | 3 | 4 | 5 | N/A |
| (%) | 0 | 27 | 18 | 36 | 18 | 0 |
| Cost | | | | | | 1 | 2 | 3 | 4 | 5 | N/A |
| (%) | 0 | 18 | 18 | 45 | 9 | 9 |
| Legal / compliance | | | | | | 1 | 2 | 3 | 4 | 5 | N/A |
| (%) | 0 | 9 | 27 | 45 | 9 | 9 |
| Complexity | | | | | | 1 | 2 | 3 | 4 | 5 | N/A |
| (%) | 0 | 18 | 36 | 18 | 18 | 9 |
| Solution / tool availability | | | | | | 1 | 2 | 3 | 4 | 5 | N/A |
| (%) | 0 | 45 | 18 | 36 | 0 | 0 |
| Standards / guidance | | | | | 1 | 2 | 3 | 4 | 5 | N/A |
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Total: 11 |
11. How much have you budgeted this year for eMortgage implementation?
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| | Don't know |
| | | 4 (36%) | |
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|
| | < $10K |
| | | 0 (0%) | |
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| | $10-50K |
| | | 3 (27%) | |
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|
| | $50-150K |
| | | 0 (0%) | |
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|
| | $150-300K |
| | | 0 (0%) | |
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| | $300K-$1M |
| | | 3 (27%) | |
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| | >$1M |
| | | 1 (9%) | |
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Total: 11 |
12. How would you rate this survey's length?
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| | Good |
| | | 11 (100%) | |
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| | A little too long |
| | | 0 (0%) | |
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| | Too long |
| | | 0 (0%) | |
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Total: 11 |
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