Digital mortgages

The mortgage industry is eager to adopt digital strategies like artificial intelligence to streamline processes, but they are finding it difficult to extend through the full lifecycle of the loan.

Mortgage costs to close surged in the last decade because of technological investments as borrowers clamored for speed and digitalization. Industry experts believe those costs will decrease in the near future once acclimation sets in.

The Mortgage Bankers Association is investing $2 million to support the creation of online notary standards and several other initiatives.

Mortgage lenders are being forced to evaluate expenses carefully when deciding whether buying or building technology is the right move.

Lenders must do more to address the safety of borrowers' personal information as digital mortgage strategies spread and regulatory scrutiny increases.

A newer set of issues and opportunities presents itself for those embracing technology, involving everything from business strategy to cybersecurity.

Commercial and multifamily lending lags the technology available in the residential market. A look at how one expert thinks the gap could be closed.

Servicers that fail to give borrowers access to digital collection methods are missing out on a chance to improve delinquency rates and lower costs.

PanoramIQ compiles and analyzes both public and proprietary property data, saving mortgage lenders time and costs by filling the gaps in property histories.

Gateway Mortgage Group says its launch of a digital-only bank is scheduled for this summer.

Having an all-digital process results in lower customer satisfaction for home equity line of credit providers than an all in-person or a mix of methods, a J.D. Power survey found.

Technologies like Siri and Alexa will only make mortgage production more efficient if users communicate with them precisely and securely.

A subsidiary of digital-media company Beta Music Group is linking its origination support technology with Arive's online platform, which connects mortgage brokers to lenders, borrowers and third-party vendors.

Borrowers were more than twice as likely to use a lender they found online in 2018 as they were in 2017, making search engines the mortgage industry's top source of referrals.

A patchwork of state laws makes it tough for lenders to adopt electronic notarization, but they'll need to if they want to make a fully digital mortgage a reality.

Assessing the implications of big tech's inevitable next run at the business of mortgage lending.

AI Foundry is aiming to further cut the time it takes to originate a mortgage by adding artificial intelligence tools designed to improve on optical character recognition.

American Mortgage Consultants has acquired title search outsourcer String Real Estate Information Services as part of ongoing efforts to support all the services secondary-market clients need to conduct trades.

Whether through greater investments in technology and talent, or streamlining back-end processes to improve the decision-making process, mortgage servicers are doing more to prioritize borrowers. Here's a look at seven of these borrower-focused initiatives and how they're reshaping mortgage servicing.

The Money Source has filed three provisional patent applications as part of its efforts to develop new innovations in mortgage servicing, including the use of blockchain technology.