5 Ways Digital Can Modernize Mortgage Industry

Over the last decade, production cost per home loan has nearly doubled, while net profitability per home loan has dropped by 70%, according to mortgage industry data. Simultaneously origination volume fluctuates dramatically, challenging lenders to manage capacity. Lenders want to meet borrowers’ expectation of a fast and digital mortgage experience, but there are roadblocks. Mortgage industry relies on manual processes which negatively effect the