For the new generation of homebuyers, digital lending means ease of use and digital communication methods. To the industry, it means all of that and more. The result is a new virtual land rush that we wrote about in a new white paper that is available now. Institutions that stake their claim first in the mind of the consumer will have first mover advantage in the new mortgage market. Digital lending is the new requirement, but there’s a fast pass available to lenders who want to get there now.
He wears t-shirts to his televised interviews; not very CEO. He played sports at a high level, but rarely brings it up and when he does he talks about it as a mere chapter in his life. Honestly, who plays a Super Bowl and doesn’t describe it as the defining moment in their personal journey? Casey Crawford, that’s who. His family is a big part of his life of course, but he talks about his even larger family — his coworkers — in terms that are just as glowing.
One of the things that has bedeviled mortgage financing post-crisis has been the absence of the private label mortgage backed securities market. During the peak years, private label MBS issuance topped $1 trillion. In 2017, only $70 billion of private label RMBS were issued, although that is a big increase from 2016.
Digital technology has disrupted businesses and industries from publishing to public transportation, so can the mortgage industry be far behind? Actually, anyone who’s applied for a mortgage recently will have recognized that things are already changing fast.