Opinion: How Digital Closings Can Help With Housing Affordability
HousingWire, June 1, 2022–Diane Tomb
While it’s getting more expensive to buy a home, it’s also getting pricier to originate one also. According to the Mortgage Bankers Association, total loan production expenses increased to a record high $9,470 per loan in the fourth quarter, up from $9,140 in the third quarter. One avenue to reduce cost and streamline the closing process is to offer digital closings.