How long until eClosings are standard practice for mortgages?

Aug 17, 2017, 16:23 PM by User Not Found
The digital world is slowly creeping its way into mortgages, as more lenders start to unveil digital mortgage applications and boast a fully online digital mortgages.
The digital world is slowly creeping its way into mortgages, as more lenders start to unveil digital mortgage applications and boast a fully online digital mortgages.

There is one caveat, however, that’s making the “fully online digital mortgage” look not as digital as marketed: the closing process. But this piece of the mortgage process is finally starting to change, with states, lenders, and title companies working together to bring the process online. 

And according to United Wholesale Mortgage President and CEO Mat Ishbia, this will soon become the standard way of doing closings.

Click here to read the full article via HousingWire.

 

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