Refinancing

Technology Shortens Loan Timeline 

As historically low mortgage rates continue to boost refinance and purchase demands, a new technology solution from First American [stock FAF][/stock] allows clients to streamline their back office loan production processes, in effort to expedite the post-application loan process. “By shortening process timelines, lenders are able to close and sell their loans faster, thus reducing the time they will have to hold and fund these loans though warehouse lines,” Watts says.