The Covid-19 was a nightmare for the mortgage industry that impacted and disrupted every aspect of financial services. Finally, with the containment of the crisis and the launch of vaccines, the industry has got the much-needed breather. One of the lessons the mortgage industry has learned from the disaster is that it needs to pursue digital transformation. Technologies such as…
The Covid-19 pandemic has hit the mortgage industry hard, and lenders are under tremendous pressure to keep operations running amid the chaos. At a time when potential homebuyers are trying hard to cash in on the low mortgage interest rates, the plummeting economy is being seen as the biggest roadblock. In particular, underwriters are facing a tough time to do…
The Covid 19 pandemic has caught lenders unaware in many ways. Unwarranted delays in processes and strained relationships with borrowers, are the two most common things that lenders have to grapple with as a fallout of the crisis. To top it, the interest rate cuts prompted a deluge of loan requests and lenders are unable to cater to them because…