The growing push for paperless lending is adding fuel to the misconception that imaged loan documents and electronic loan documents are one in the same.  This is due in part to attempts by document imaging vendors to muddy the waters.  However, the most prominent reason is simply a lack of industry education, even among the [...]

For years, there hasn’t been a technologist in the room who didn’t see the value of electronic assets, another name for a loan that is originated and stored electronically, and the additional data that these assets would provide.  Recently, the carnage of the Great Recession has enlightened bankers that they too could benefit from having [...]

Stanford professors Kenneth E. Scott and John B. Taylor in “Why Toxic Assets Are So Hard to Clean Up” (Wall Street Journal, July 21, 2009) wrote about the complexity of mortgage backed securities, and proposed that mandatory transparency is the only solution.  But they stopped short of identifying the root cause of the financial meltdown: [...]

Has anyone here thought about what a Morgan Stanley retail branch would look like?  Do bank tellers really fit the Morgan Stanley mold?  Does Morgan Stanley even have the IT infrastructure to begin building a retail operation?  Should Morgan Stanley just buy a retail bank?  Is Morgan Stanley really going to go through with this?
No [...]