With the sluggish housing market, potential recession, and other factors keeping potential homebuyers on the sidelines, mortgage companies, along with others across the housing industry, have been looking for ways to drum up new business and stay afloat. In many cases, that has translated to making big investments into new technology to set themselves apart from the competition. In turn, fascinating advances are being made to the mortgage technology space, from AI-powered customer support options to new listing and lending platforms that offer potential homebuyers and sellers unique and advanced tech features.
Given how quickly the new advances are emerging, it’s important for mortgage industry professionals to keep their fingers on the mortgage technology pulse. The advances being made in this part of the industry can have a significant impact on how real estate business is conducted, and you can stay up-to-date on the mortgage technology news you’re looking for with HousingWire’s mortgage tech coverage.
Autopilot will enable lenders to create instant, conditional loan approvals for qualified borrowers, the company said.