Not Available For Download

The Evolving Role of Technology in Mortgage Finance

OLIN Working Paper No. 99-02

Posted: 11 Jul 2000  

Michael LaCour-Little

Federal National Mortgage Association (Fannie Mae); California State University at Fullerton

Date Written: February 16, 1999


This paper surveys the effects of technology on mortgage finance over the period 1990-2000, from an industry perspective. Important innovations in the three functional areas of origination, servicing, and portfolio management are identified and their effects discussed. Improvements in information technology, especially in processor speeds, data storage media, networking, and telephony, have reduced transaction costs, accelerated implementation of new risk management and valuation techniques, increased productivity, and allowed development an entirely new origination channel, the Internet. The interactions of technological change with demographic, regulatory, and market forces will continue to transform the industry.

JEL Classification: G21, R39

Suggested Citation

LaCour-Little, Michael, The Evolving Role of Technology in Mortgage Finance (February 16, 1999). OLIN Working Paper No. 99-02. Available at SSRN:

Michael LaCour-Little (Contact Author)

Federal National Mortgage Association (Fannie Mae) ( email )

3900 Wisconsin Avenue, NW
Washington, DC 20016-2892
United States
202-752-3318 (Phone)

California State University at Fullerton ( email )

5133 Mihaylo Hall
Fullerton, CA 92834-6848
United States
657-278-4014 (Phone)
657-278-2161 (Fax)

Paper statistics

Abstract Views