Product Details
The mortgage industry has been talking about replacing its paper-dependent processes with digital ones for most of the last 20 years. But while online applications have become more common, true stem-to-stern digital mortgages are still a dream for most lenders.
The upside to offering a digital mortgage process is enormous: greater customer satisfaction, improved quality control, faster turn times, and enhanced loan originator productivity, among other pluses.
But the barriers to implementation are not small either. The process is complex, costly and, if done poorly, will potentially cause more harm than good.
Explore the reasons to pursue a digital process, the best ways to get started and the obstacles to be on the watch for in Inside Mortgage Finance’s "Guide to Digital Mortgages." The guide incorporates advice from lenders, lawyers, technology vendors and secondary market participants who are deeply involved in digital mortgage issues.
The guide includes discussion about
- Whether to build or buy
- Benefits
- Risks
- Warehouse lending
- Servicing issues
- TRID
- Back office operations
- eNotes
- Closings
- Regulation
- GSE involvement