How to make mortgage lending process more efficient with AI & ML
In today’s evolving mortgage ecosystem, advanced technology is a must-have to successfully process huge volumes of loan applications. On average, the time taken to close loans is 47 days, according to Ellie Mae Origination Insight Report Data. However, consumers expect much quicker turnaround times. Automation technologies like Artificial Intelligence (AI) and Machine Learning (ML) are […]
Tackle Origination Costs this 2021- Leverage Tech
Mortgage origination is a labor-intensive as well as time-consuming process. On average, it takes anywhere between 35 to 40 days to close a loan. The need of the hour in 2021 is a strong mortgage processing solution that can help tackle and manage origination costs. Mortgage lenders target closing as many qualified mortgage loans as […]
How 2020’s Key Learnings can Help Lenders Plan Robust Future Strategy
With historically low rates giving rise to a refinance boom and huge demand for homes, several mortgage professionals saw 2020 as their best year. Home prices are growing at their maximum pace since 1991. As per data from the National Association of Realtors, millennials’ share of mortgages recently surpassed 50% for the first time ever. […]
How the US Housing Market will React to a COVID Vaccine
On December 14, one of the biggest vaccination campaigns in the history of the United States kicked off as health workers readied to receive the COVID-19 vaccine. A month later, the vaccine rollout across the country is undergoing some last-mile logistical issues trying to provide the shots to a maximum number of people. However, the […]
What is expected in Residential Mortgages & Housing Market under Joe Biden’s rule
Later this month, the 46th president of the United States, Joe Biden takes office. It remains to be seen what he will do to shape up the housing market in the country. Joe Biden’s immediate concern is going to be addressing peoples’ anxieties about paying rents and mortgages. Among the first few issues to focus […]
