The commercial mortgage space is very different from its residential counterpart, so it shouldn't be too surprising that the technology used also differs. As is the case with the residential market, however, some commercial lenders have made strategic use of technology, while most others have not. Also--as with residential--commercial mortgage volumes will be down this year and the market is changing dramatically. But unlike the residential space, commercial lending is not moving back toward a "vanilla" market. Instead, the commercial market is not even chocolate; it is more like tutti-frutti. This market complexity has distinct implications for the technology that serves it.
