The mortgage industry is characterized by complex workflows that involve extensive and even tedious documentation. The plethora of forms, documents, and attachments involved in mortgage processing can make it an overwhelming challenge to catalog. But the sensitive information stored in these documents cannot be let to lie around without proper assortment. As many lenders have come to experience the cumbersomeness…
The mortgage industry is a key contributor to the US economy, and its impact can be felt across the country in tangible ways. It undertakes the sale, resale, and financing of thousands of new and existing homes and other properties every year, generating handsome revenue. Mortgage lenders engage in high-stake transactions that are decided upon after weighing in a lot…
With the outbreak of COVID-19, the US mortgage industry has come under lot of pressure. With high unemployment levels, many borrowers are struggling to meet their mortgage obligations, a development with close resemblance to 2008-09 financial crisis. However, unlike 2008-09, this time, the Federal Government has acted swiftly to help borrowers deal with the impact of COVID-19. According to a…