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DS News October 2019

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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60 I N D U S T R Y I N S I G H T / J A N E M A S O N Like many of you, I've been in the industry long enough to have survived the financial crisis and then some, so when I hear familiar phrases like "workflow automation" or "operational readiness," it's not the first time. However, amidst what may seem like a lull in financial recovery, our industry is absolutely on the cusp of digital disruption. We are also heading toward the third consecutive year for historic volumes of natural disaster. e intersection of these two "Ds"— disasters and digital disruption—creates the perfect springboard for improving response times and service through the automation of disaster recovery processes. Moreover, a digital disruption can be a catalyst for realizing similar benefits throughout your organization. e overall bottom-line opportunity can help offset shrinking resources and margins as well as provide improved transparency for your borrowers, industry partners, and investors alike. CREATING AN OPPORTUNITY OUT OF DISASTER RECOVERY Our industry needs to understand and embrace disaster assistance, despite the disturbance, volatility, and resource constraints involved. Whatever the disaster, it is an opportunity to strategically service the borrower in ways that create long-standing customer loyalty and preference. ere shouldn't be a difference in how NATURAL DISASTER MEETS DIGITAL DISRUPTION

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