More mortgage lenders are offering digital tools that allow home buyers to apply for a loan, submit paperwork and track the approval progress.
Wall Street Journal staffer Anya Martin reports that, thanks to the wonders of technology, you can apply for a jumbo loan while wearing, for example, purple pajamas (the ones with the footies).
Martin notes that consumers have used the internet for years to check rates and compare loan terms and products among lenders. She writes:
What’s different now is that lenders running the gamut from online-only SoFi to Wells Fargo, the nation’s largest jumbo lender, are creating one-stop tracking applications.