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Mortgages? There (should be) an App for that
Tuesday, November 3, 2015
Mortgage lenders may be missing out on an opportunity to
offer consumers something they are asking for - a wider use of mobile
technology in the mortgage process.
Fannie Mae says its National Housing Survey (NHS) has shown a desire on
the part of consumers to shop and apply for a mortgage via their mobile
devices. At the same time the company's
Mortgage Lender Sentiment Survey (MLSS) indicates that lenders still favor more
traditional channels such as using loan officers, brick and mortar branches,
and third party partnerships.
Steve Deggendorf, Fannie Mae's Director of Business Strategy, writes in the FM Commentary blog that mobile devices
are increasing used for a variety of financial transactions including bill
payments and banking but are less common in the mortgage space.
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