Articles Tagged with ''digital mortgages''

The case for the fully digital mortgage

Take it one step at a time
[Expert commentary] I call today upon our industry to work even harder to make the fully digital mortgage a reality. While there are risks to changing the way we originate, record and transfer mortgage loans, the benefits far outweigh those risks. It’s in the consumer’s best interest, and in our best interests as well.
Read More

Does your mortgage technology measure up?

Tips on how to choose and adopt the right vendor
[Expert commentary] Today’s consumers are accustomed to making instant banking transactions and home searches from the palms of their hands, and they expect this kind of ease of use across industries. Ultimately, the best lenders are those who will bring greater transparency to the borrower, which often requires the adoption of new technology as it comes available. Here are different categories of technology every lender should be using and key considerations in choosing and adopting the right vendor.
Read More

Blend doubles down on mortgages, partners with Wells Fargo, U.S. Bank

What will the company do with $100 million in funding?
Since getting its start back in 2012, mortgage technology provider Blend has been a key player in bringing the mortgage industry into the digital world. And thanks to a recently announced $100 million in funding, the San Francisco-based company has a great runway for even more growth. Here’s what Nima Ghamsari, CEO and founder at Blend, sees ahead for the company.
Read More

The game changer for end-to-end digital mortgages: eClosings

Notarize CEO: It's teleportation for the mortgage industry
The completely online end-to-end digital mortgage finally received its missing piece: the eClosing. The founder and CEO behind the notary company that made the closing process fully digital and allow a notarization to happen remotely explains what it took to get here. And, with the first fully digital closing complete, this is only the beginning.
Read More

How long until eClosings are standard practice for mortgages?

The complexity of eNotarizations
The digital world is slowly creeping its way into mortgages, as more lenders start to unveil fully online digital mortgages. There is one caveat that’s making the “fully online digital mortgage” look not as digital as marketed: the closing process. So how long before an eClosing is the standard way of doing closings? Check out these examples to see where the industry currently stands.
Read More

Everything you need to know about eMortgages

Digital mortgage 101
[Commentary] Digital mortgages are (once again) a hot topic for the mortgage industry. However, we mortgage professionals are rather fond of dropping terms like "e-closing," "e-mortgage," "e-sign" and even "e-vault" or "e-note" almost interchangeably. Some look at the solutions currently available as "cradle-to-grave" when they actually only touch on the loan application process. So what exactly is an e-mortgage?
Read More

Fannie Mae CEO: We’re focused on reducing appraisal turnaround times

Pleased with pilot valuation programs
Access to smartphones is redefining consumer expectations and getting a mortgage is a “wildly different” experience for homebuyers when compared to other online transactions. And not in a good way, according to Fannie Mae CEO Timothy Mayopoulous. “With Amazon shopping one click away and streaming Netflix on your smartphone, looking for a mortgage is a wildly different digital experience,” he said in an interview this morning after reporting another profitable quarter.
Read More

Monday Morning Cup of Coffee: Wells Fargo prepares to unveil digital mortgage

Nation’s biggest mortgage lender going digital in 2018
The digital mortgage revolution is about to hit lightspeed, as the nation's largest mortgage lender is preparing to go digital. That's right. Wells Fargo is developing its own digital mortgage platform. Actually, Wells Fargo is doing more than preparing to go digital. The bank is already testing its own digital mortgage experience and plans to fully roll it out at some point in 2018. Here's the full scoop.
Read More

Morgan Stanley going digital to boost mortgage lending

Seeks to increase lending to current clients
Morgan Stanley isn’t really a big player in mortgage lending, but the company wants that to change — and it’s planning to go digital to get there. Basically, the company wants to turn more of its existing clients into mortgage customers, and it is planning to update its mortgage process to entice them.
Read More

Neat Capital unveils digital mortgage platform, acquires Whole Loan Solutions

Boasts 12-day loan closings
Neat Capital, a Boulder, Colorado-based fintech mortgage lender that focuses on jumbo loans, announced that it launched a digital mortgage platform that offers “fast, transparent, and painless loan approvals” and boasts average loan closing times of 12 days. But that’s not all the company news of the day. Neat Capital also announced that it acquired Whole Loan Solutions.
Read More