Mortgage Lending Operational Challenges Posed by the Covid Pandemic and the Best Recovery Measures
The mortgage market has suffered extensive uncertainties in the last several months due to the Covid-19 pandemic.
Although the crisis has posed serious threats to every industry, one of the worst impacts has been on the mortgage landscape. Both large scale and small scale inconveniences have arisen out of the worldwide lockdown scenario, indicating serious implications for the staff and services of the industry. With the deepening of the Covid-19 crisis, the impact on the financial services sector, wealth, and debt levels of individuals is also getting more severe.