Technology is transforming the mortgage business in some surprising and perhaps unexpected ways.

Lenders that offer pre-approvals of loans over the Internet, for example, have forced all lenders, wired or not, to make lending decisions much more quickly. With customers growing more savvy and having far more options, few are willing to wait three or four weeks for a pre-approval when it is available in minutes on-line. (See article, page 3A.)

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.