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Volume 18 - Number 10

May 16, 2014

eMortgages Could Save Industry $1 Billion a Year

If the mortgage industry can ever get around to actually adopting eMortgages from stem to stern, it could save $1 billion annually, according to an “Advancing eMortgages” team at Fannie Mae, a squad given the mission of improving the mortgage process, including getting more elements of it done online. “In addition to improving the customer experience, the team estimates that an electronic mortgage process could shave 30 days off of the average 52 days it takes…

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After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.


2 to 3 years. GSE reform is complicated.


Sadly it won’t happen in a Clinton or Trump first term.


Not in my lifetime.


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