Something significant is already reshaping mortgage lending and servicing, and the data is beginning to bring into focus what many lending professionals have been experiencing firsthand. Mortgage lenders and servicers recognize that aging systems create operational inefficiencies, increase compliance exposure and limit their ability to adapt to changing market conditions. However, more than half still operate primarily on legacy technology platforms, while only 10.6% report operating in a fully cloud-based environment. Digital mortgage experiences, evolving mortgage fraud schemes, growing borrower expectations and increasing integration requirements with credit bureaus, appraisal networks, POS mortgage platforms and verification tools are placing new demands on lending infrastructure. The message is clear: Most mortgage lenders understand why modernization is necessary.