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Speaker: Now at this juncture, the mortgage industry is in kind of deep trouble right now, and how -- from an IT perspective, let's say, how have you responded to that? How have you helped the company get through that?
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Speaker: Well, we're presented with opportunities day in and day out, and right now, we are hunkering down. It is survival mode. But when we do get an opportunity with a new business partner or a new product, what we do is we try to work directly with the business in order to develop those innovative solutions in order to increase our chance of success.
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Speaker: And then on the IT side, how do you innovate around that in terms of lowering your cost to do transactions?
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Speaker: We're focused on cost savings and efficiency, of course. And then we also try to support the business process of innovation. The culture is very innovative at E-LOAN in and of itself, so what we do is we try to take those ideas, catalyze them into products and solutions, and we try to do quick turn and iterate and bring those solutions to the market place as quickly as possible.
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==== Transcribed by Automatic Sync Technologies ====
