With 87% of adults using mobile technology and 43% of them using it for business, it should come as no surprise that people want everything including their mortgage to be fully digital. HousingWire staffer Brena Swanson takes a look at the mortgage industry's transition to becoming digital.
D+H, a provider of tech solutions for financial institutions, announced last month a completely mobile loan application solution for regulated lenders called MortgagebotMobile:
Hoke explained that what’s really helpful about this new technology is that it allows even the smallest, local lender to compete and offer similar kinds of experiences as the bigger lenders.
“Small, local lenders can now offer the same experience as the high-tech, alternative lenders, and they can win because they have that local presence. This technology levels the playing field,” he said.