: 2020’s innovation journey The Digital Revolution of Housing: How Far We’ve Come Since the Lehman Crash

The development of a digital housing platform is a crucial step in the evolution of the mortgage industry. This article explores the 10 essential components needed for the successful transitioning from a system of nationalization to a digital housing platform.

The components include:
• A reliable insurer: In order for a digital housing platform to operate smoothly and safely, a reliable insurer is necessary
• Responsible lending practices: To ensure that consumers receive the best possible advice when making financial decisions regarding mortgages
• Real-time loan origination systems: These systems help brokers and lenders speed up the mortgage application process.
• Automated underwriting and processing: Automation reduces processing time, allowing lenders to make a faster decision during loan applications
• Niche players for niche markets: To provide custom solutions to consumers with unique requests
• An internal dispute resolution process: To effectively manage any disputes quickly and easily
• A digital capital market: Allowing for a streamlined and fast trading of mortgages
• Software to support a single application channel: To provide a more efficient application service
• Comprehensive credit analysis: To ensure that borrowers are receiving the best possible terms and rates
• Continuous customer support: To prevent any potential issues and to ensure customer satisfaction

Overall, the success of transitioning to a digital housing platform depends on the implementation of these 10 essential components. With the correct approach and reliable providers in place, the mortgage industry can benefit from a more efficient and consumer-friendly process.

You can read this full article at: https://www.housingwire.com/articles/opinion-from-lehman-to-a-digital-housing-platform/(subscription required)

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