The Digital Mortgage Borrowers Love

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Although digital mortgages are taking the housing industry by storm, Ellie Mae’s 2019 borrower insights survey suggests borrowers still crave human interaction throughout a digitally-driven loan.

Dawn Douglass: Lenders Must Focus on the Borrower Journey – What are Volly’s strengths in this area? Douglass: The mortgage industry was a little late to the digital revolution – but.

After the mortgage is approved, the digital mortgage customer has a relatively brief to-do list: review the relevant disclosures, conduct an inspection, get insurance on the property, review the lender’s appraisal, pay the application fee, and e-sign relevant documents.

Survey of Mortgage Borrowers Reveals How They Use Technology to Get a Purchase Loan or Refinance Their Existing Mortgage. PLEASANTON, Calif. – August 28, 2018 – In the 10 years since the 2008 housing crisis, digital mortgages have notably improved the mortgage loan process, according to the recent Connecting with Borrowers Online study from Ellie Mae (NYSE:ELLI).

New-age Borrowers Will Demand a Digital Mortgage Experience – The next generation of borrowers will demand a digital mortgage experience There is a shift underway in the mortgage industry towards the adoption of technologies that give borrowers a digital mortgage experience and that create efficiencies and cost savings in loan production for lenders.

Embrace the Digital Mortgage as a Competitive Advantage. Residential Mortgage Corp., a midsize lender based in Fayetteville, N.C., recently completed its first e-closing. It took 15 minutes of the borrower’s time, rather than the usual hour and a half, according to Mary Bright, vice president of operations at the company.

What we really need are technologies that redefine "digital mortgage" by completely rethinking the origination workflow step by step. When you do that, you find the real holy grail: consumers and lenders are empowered to do the application once and do it right, and a better borrower experience is the inevitable byproduct.

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The Value of a Digital Mortgage for Lenders 1. It Gives Lenders a Competitive Edge Consumers are increasingly going digital, and the mortgage loan process is something consumers expect to be digital as well. A growing number of borrowers don’t want to deal with face-to-face, time-consuming meetings that involve lots of paperwork.

Welcome to DocMagic. Our suite of digital solutions is designed to advance the mortgage process at every stage, continuously improving the experience for lenders, settlement service providers, investors and borrowers.

to help simplify the mortgage loan process by making it easier for lenders to derive insights from borrowers’ financial data. This collaboration provides Equifax with access to real-time asset and.

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