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.
HUD’s objectives are sometimes distributed by factors ranging from politics, socio-economic disparities and even natural disasters. When American homeowners fall victim to any of these elements, HUD is not only there to offer a helping hand, but often serves as the tool that leads to recovery.