Pandemics change human societies at many levels. The COVID-19 dramatically restructured the work model that had been around since the start of the industrial revolution. During the past year and a half, workers’ expectations have evolved. And according to a new Bankrate survey, this shift in mindset has over half...

According to a recent article on Businesswire, the new report,  High Demand, Higher Hurdles in the Mortgage Market, reveals key findings around consumers’ issues during the mortgage process and how digital solutions are starting to provide relief. According to the report, 89% of respondents find the loan application more stressful than the home-buying...

The mortgage industry has been recently experiencing a significant digital transformation. Experts have pointed out that the technological shift has been accelerated by two chief factors – the need to deal with the challenges brought about by the pandemic and the rise in tech-savvy home buyers. The pandemic and...

The housing market experienced an all-time high in 2021 due to a mix of low-interest rates and limited availability in desired areas leading to an overall increase of 16.9%, according to data from Freddie Mac. Market conditions in 2022 are, of course, not exactly the same, which has prompted...

The US housing market created a history of sorts throughout 2021. Housing supply fell to a record low with buyers scooping up homes faster than ever before. Now, experts say the housing demand will likely stay strong even in 2022. As per the Mortgage Bankers Association (MBA) forecast, mortgage...

  According to a recent article on HousingWire, the average 30-year-fixed rate mortgage decreased to 3.05 percent during the week ending Dec. 23, down from 3.12 percent the week before, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the average 30-year fixed-rate mortgage was 2.66...

The demand for mortgage processing stayed high in 2021 and shows signs of a steady increase in 2022 too. Aidan Paringer of BNTouch, states that “from integrated home buying services, virtual loan officers, digital mortgages, voice assistants, to crowdfunded mortgages and changing Millennial qualifications, the wants, needs, and expectations...

From loan boarding to final closure, mortgage origination entails several steps that result in the borrower receiving a house loan. Unfortunately, the process poses a number of challenges for both the lender and the borrower due to the industry’s strict laws and structure. Lenders need to invest in the...

The mortgage procedure involves everything from mortgage origination through closure. Unfortunately, due to the changes in the industry policies and the increased demands of borrowers, the mortgage process proves to be tedious for lenders. Also, if they have to process a huge volume of applications at one go, they...

Over the last several months, Lenders have been having consistent loan volumes, both in fresh purchases as well as in refinance.  Lenders can capitalize on these volumes to eventually increase the market share and make profits. With an increased market share, there is a need to convert loan applications...