Digital mortgage applications result in less discrimination, study finds

Digital mortgage applications are having the positive effect of reducing discrimination of black and Latino home buyers, a new study shows. The study, by the National Bureau of Economic Research, reveals that algorithmic lending reduces discrimination by up to 40% compared to applications which are dealt with face-to-face. With digital mortgage applications, the interest rates

Read More »

Too much paperwork with mortgage applications, borrowers say

Home buyers wish the process of obtaining a mortgage could be both faster and less confusing. But at the same time, they’d also like more personal interaction

Most lenders struggle to implement digital mortgage tech in time

Mortgage lenders are increasingly moving towards so-called “digital mortgages” in which many providers attempt to complete the majority, if not the entire, application process online.

RealtyBizNews: Real Estate Marketing & Beyond