Mortgage challenges

Overcoming the Top Challenges in Mortgage Lending Industry with Digital Solutions

COVID-19 caused considerable shifts in the mortgage lending services industry amid the volatile market landscape defined by increased customer expectations, reduced rates, and sweeping policy measures to contain the pandemic. While the situation triggered demand, it also heightened the need for operational agility, customer engagement, and compliance. The new “digitized” market landscape put the financial …

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Redefining Post-Pandemic Mortgage Industry with Digital Transformation

The COVID-19 pandemic has brought drastic changes in the mortgage industry, increasing the costs, customer expectations, and impacting other business-critical factors. The year 2022 sees an ongoing spike in inflation, as indicated by CPI. The Federal Reserve’s hike in mortgage interest rates is a critical factor adding to the costs. The National Association of Realtors reveals …

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