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Home » eClosing Pilot Reveals Limits of Tech, Speed Bumps
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eClosing Pilot Reveals Limits of Tech, Speed Bumps

August 14, 2015
Emerging eClosing technology may make borrowers a little smarter, according to the Consumer Financial Protection Bureau, but it isn’t easy for lenders to implement. A CFPB report on the agency’s eClosing project found that borrowers who participated in the pilot scored slightly higher in a quiz on the closing process than did those who relied on good-old paper. The eClosers were...
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