Can digital closures be a reality for the mortgage industry in 2021: In conversation with Mike Lyon, EVP at NexsysTech

Mike Lyon, EVP of Nexsystech
June 20, 2022
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Is digital closure set to lead the next wave of disruption in the mortgage industry ?

In this episode, we are in conversation with Mike Lyon , to explore just that.

Mike is currently the EVP at Nexsystech - a part of Rock Financial Group. He drives business growth for two flagship products that provide a full spectrum digital closing experience for customers. With an experience of over 30 years in mortgage operations, Mike is a key authority in digital mortgage closures.

In this episode, Mike candidly shares:

  • His foray into the mortgage industry & his journey with Quicken Loans and Nexsystech.
  • How he applied assembly line process to dramatically improve lending efficiency within Quicken Loans ?
  • Where are the lenders missing out, by not adopting digital closures in their lending process ?
  • What are the key challenges in the adoption of digital mortgage closures ?
  • How will digital mortgage closures shape up in 2021 ?

This episode is hosted by Vaultedge.
Vaultedge is a mortgage automation software that helps you produce & service more loans doing less work. You can visit us on https://www.vaultedge.com/