Why now is the time to invest in eClosing technology and key market factors impacting the real estate market
Over the past decade, every year has been called “the year of the digital mortgage” by someone. This year, we agree.
Concerns about housing affordability, inventory shortages, the projections of only a slight increase in new purchase originations, and the continuing decline in refis over the next few years are leading lenders to invest in eClosing technology now. These investments help them to gain competitive advantage, attract millennial buyers, and reduce origination costs.