Adjusting Your Compliance to the Digital Mortgage Landscape

When it comes to mortgages, digital is quickly becoming king. The Mortgage Bankers Association estimates that within three years, most loans will be completely underwritten electronically, with only loans that deviate from standard parameters being reviewed by experienced underwriters.

Fiserv: Digital Loan Applications Rise with Mobile Device Use

Fiserv, Brookfield, Wis., said its latest Expectations & Experiences consumer trends survey reported nearly two thirds of people who applied for loans in the past two years now do so either partially or fully online, a marked increase from 2018.

How the Digital Mortgage Democratizes Loan Accessibility

Even a super-fast mortgage origination process isn’t worth the near-$10,000 price tag borrowers are currently facing. That’s just too much to pay for the “privilege” of getting a loan.