Digital Mortgage Direct Page

The coronavirus pandemic has turned every industry on its head. For lending, it exposed the need for modernized, fully digital platforms.

If the underwriters' option is exercised, proceeds will bring in $112 million instead of a possible $176 million.

Banks, lenders, and fintechs have been on a path toward digitizing the mortgage process from end-to-end — long before the term coronavirus entered our daily lexicon. How has the pandemic affected progress?

Sales of previously owned homes rose more than expected in September to the highest level in 14 years as a desire for more space and record-low mortgage rates continue to support demand.

Ted Bickford is the director of strategic operations for Aston Carter in North America. In this role, he is responsible for the growth and expansion of Aston Carter through the hiring, training, development and support of each recruiter and sales team member.

Mortgage rates fell this week to another record low, and are now over a full percentage point below where they were five years ago, according to Freddie Mac.

Abby Payne is the chief people officer for SailPoint and oversees “People and Places, including talent acquisition, global compensation and benefits, management of our organizational culture and our global real estate footprint. Her strong drive to recruit, support and retain the best talent in the industry has helped to make SailPoint a leader in identity governance.

As of the end of July, there were more than 1 million past-due mortgages not in forbearance plans, and the majority likely would have qualified for forbearance under the CARES Act.

But an expected drop in refinancings as mortgage rates rise should more than cancel that out, resulting in declining overall volume through 2023.