Mobile technology

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

As the industry shuffles closer to completely digital mortgages, the next wave of technology aims to usher in total automation and uniformity.

A new marketing tool lets consumers start the mortgage prequalification process by sending a text message, providing would-be borrowers with credit and loan program details and offering lenders a low-cost source of leads.

Mortgage technology company SharperLending is tapping mobile devices to offer a quicker and more efficient loan process for lenders in instances that don’t require full appraisals.

First American Mortgage Solutions is stepping up its digital mortgage game by offering electronic closing capabilities.

Fiserv Lending Solutions' rebrand to Sagent Lending Technologies reflects the company's focus on a more efficient process for mortgage and consumer lenders.

As the mortgage industry continues evolving digitally, MISMO is developing standards for business-to-consumer transactions on mobile devices, according to the Mortgage Bankers Association.

While the digital mortgage movement has primarily focused on the originations side of lending, Black Knight's latest release seeks to apply those principles to servicing to help improve borrower retention and engagement.

While the mortgage industry heads in a digital direction, homebuyers are still expecting a more electronic experience during the mortgage process, which would also stand to benefit lenders.

While mobile applications have become increasingly present in the originations segment of the mortgage industry, they're now making their mark in the servicing space.