4 Tech Advancements in the Mortgage Industry: Data Security, Application Processing, E-Signatures and E-Notarization, and Loan Servicing
What are the most important tech advancements for the mortgage industry? The article discusses four areas: data security, application processing, e-signatures and e-notarization, and loan servicing.
Data security is critical for the mortgage industry because of the sensitive nature of the information being shared. Application processing can be streamlined by using technology to automate repetitive tasks and to keep track of progress. E-signatures and e-notarization can save time and improve accuracy. Loan servicing can be improved by automating tasks such as payments, customer communications, and accounting.