Digital mortgages are a big deal. Not only are they capable of improving lender compliance, customer experience, asset quality, and operational efficiencies, they ultimately lead to a more streamlined, faster, and less expensive mortgage process. This, in turn, translates to a more competitive, if not winning, lender.
Transformation will not, however, be as push-button as digital mortgages. Here’s what mortgage lenders and financial institutions can do to ensure successful digitization.