“There clearly is a tremendous amount of struggle to manage change.”Across all respondents, regulatory change management remains a major challenge, with only one-third reporting that they can adapt within a month. Nearly one-quarter take three months or more, citing complex regulations, loan calculation updates and vendor coordination as top hurdles. Over one-quarter require cross-functional coordination, while respondents named compliance risk (26%), deal delays (25%) and regulatory complexity (19%) as their top frustrations. When parsing out the mortgage participants in the survey, the trend remains the same: regulatory churn is top of mind and disruptive. Calculation errors and compliance fallout are also common.