Articles Tagged with ''digital mortgages''

Digital mortgages slash turn times of mortgages to secondary market

The two parts of the digital mortgage
The final day of the Mortgage Bankers Association Secondary conference in New York City ended with a panel of experts who spoke on the importance of the digital mortgage to the secondary market. Panelists explained that consumers aren’t the only ones who benefit from the digital mortgage and eClosing process.
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LoanScorecard hires new digital mortgage strategist

Raj Parekh will strengthen company's technological reach
LoanScorecard, a decision management solution provider, announced Tuesday that Raj Parekh joined the company as its new digital mortgage strategist. The company hopes to tap into the technological needs of millennials navigating the housing market.
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Freddie Mac shares data to help lenders cope with gig economy

Launches new campaign effort
Freddie Mac announced Monday its new campaign aimed at helping mortgage originators better understand the needs of the new home buying generation. With the rise of the gig economy and changing technological demands, Freddie Mac launched a campaign to help originators reach the latest generation driving homeownership growth.
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Bank of America enlists AI to pay your mortgage

Erica introduced to bank’s mobile clients
Bank of America announced Friday the release of its artificial intelligence-driven virtual assistant to assist mobile customers with their financial services. The virtual assistant, Erica, is still learning and becomes smarter the more she is used.
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AFR Wholesale is mixing things up with Blend

Another lender jumps on the digital loan platform bandwagon
Surprise, surprise, another lender, AFR Wholesale, antes up, selecting Blend as the developer for its new digital loan application platform as momentum for a completely digital mortgage continues to build in the industry.
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Finicity in the Winner’s Circle: Mortgage lenders need a digital-or-bust mentality

CEO Steve Smith gives advice to lenders who want to stay competitive
Speaking to HousingWire Editor-in-Chief Jacob Gaffney on his podcast series In The Winner’s Circle, the CEO of data aggregator Finicity, Steve Smith gave some advice to mortgage lenders who wish to stay competitive. Smith talks about this and elaborates on the importance of customer-data protection, how lenders use tech to save valuable time and the early role that blockchain technology is also playing in the industry.
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The first-time Millennial homebuyer just turned 30

Millennials step up their borrowing game from February to March, yet still have to rent longer
The average Millennial homebuyer just turned 30. According to Ellie Mae's latest report, the average age of a Millennial homebuyer rose from 29.5 in March 2017 to 30.1 in March of this year. Ellie Mae points to the compression of inventory largely due to Baby Boomers aging in place instead of relocating and retiring as the reason for the average age of the Millennial homebuyer to creep up into the 30s.
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SunTrust becomes latest bank to roll out digital mortgage platform

Joins Wells Fargo, Bank of America, Chase, others
Another lender is about to join the digital mortgage revolution, as SunTrust announced Monday that it is rolling out a digital mortgage application platform. SunTrust claims that its platform, which is called the “SmartGUIDE Mortgage Application,” allows consumers to complete a mortgage application entirely online in “half the time” of a typical mortgage application.
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