Mortgage lenders have improved time to close in the last few years, but it still remains at a 40 day-average. Point of sale technology (POS) and digital closing platforms have accelerated the process, but haven’t fixed the #1 obstacle slowing down applications — the time it takes borrowers to collect personal data and documents, a process completely outside the digital application.
Road to the One-Click Mortgage explores the data to show how leveraging a credential-based data provider can reduce borrower friction, expedite time to close, save costs on VOIE and help lenders make one-click mortgage application a reality.
In the white paper, find out:
- Why manual underwriting processes delay applications and reduce funnel conversion
- How a one-click mortgage via credential-based data providers eliminates friction, reduces outdated (or fraudulent) information, saves money and improves customer satisfaction
- How credential-based payroll and employment gateways boost borrower conversion rate