"Detwiler stated, 'We had customers [who] had multiple offices, but they weren't connected. From a technological perspective, we found ourselves writing reports and reporting databases and reporting tools and creating extracts and workflow engines, and we realized, wow, most [of the] industry is very disconnected.'"
"Reflecting on his manufacturing background, Detwiler said, 'I viewed everything through the lens of manufacturing. We started talking about how we're manufacturing mortgages. That concept still hasn't been fully realized across the industry.'"
"Detwiler acknowledged the industry's evolution, saying, 'The landscape has changed. There's always going to be new entrants coming in that are going to disrupt the players that are already in the space.'"
Detwiler has resumed his role as CEO of Mortgage Cadence, a company he co-founded in 1999. He highlighted the fragmented nature of the mortgage ecosystem as a key issue that inspired the company's creation. Detwiler's background in manufacturing influenced his perspective on mortgage production. He noted that the industry has evolved with new competitors and changing expectations, emphasizing the importance of adapting to these changes and leveraging technology to improve mortgage manufacturing processes.
Read at www.housingwire.com
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