In the fast changing environment of technological changes, there is a greater need to exceed the expectations of borrowers and provide uninterrupted service. The main concern for different mortgage service providers is to bring their borrowers the possibility to use new features and new functionalities in less time. Employing DevOps in mortgage services provides a secure and automated way to help mortgage banks and lenders to achieve these goals.
In DevOps methodology, the development and operations engineers work together in the entire service life cycle, starting from design via the process of development to production operations, maintenance and support. Main goal for DevOps is to streamline the software development lifecycle and infrastructure in order to have a fast and reliable software product.
Benefits of DevOps in Mortgage Services
Reliability: High reliability benefit that comes along with DevOps means that the application of a mortgage bank (can be website or front end application) is up and running at all time without any interruption or with a minimum acceptable interruption.
Security Compliance: DevSecOps which includes static analysis, vulnerability assessment, security testing and security audits takes care of implementing security in the continuous integration and continuous delivery process of DevOps.
Automation: DevOps allows mortgage services providers to automate core processes including automating the creation of reports, creation of infrastructure by creating new servers of new cloud resources. DevOps can also help to automate big data and machine learning tasks for mortgage banks.
Reducing Costs: By incorporating DevOps principles, mortgage banks are inherently adding lean principles and agile methodologies which help to have efficiency, reduce cost and improve automation.
Compliance: DevOps culture and the DevOps methodologies are based on security so that mortgage banks get compliant with industry standards and government regulations.
Time to market: Speeding up the time to market for the roll out of products and features is a real competitive advantage that DevOps provides to mortgage banks who have adopted DevOps methodology.
How can DevOps transform Mortgage Industry
DevOps can increase the collaboration between the different teams which currently works in different silos and thereby improving the workflow.
Uninterrupted services and reliability made possible by DevOps can help in increasing the borrower satisfaction and customer retention.
DevOps by automation reduces man hours and thereby reduces IT labor cost and operational expenses.
Security Compliance features offered by DevSecOps helps in keeping borrower data and other confidential data secured.
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