Anyone who has been in this business for any period of time has heard the rumor. A fancy ATM, and more recently, the Internet will be replacing loan originators (LOs) which will reduce lender costs, save consumer time, and generally make residential mortgage brokers and our professional counterparts a thing of the past. All of this would happen because credit would be able to be accessed immediately, assets electronically verified, homes analyzed for value via database comparisons, and incomes validated by employers through a central repository.
Technology Supports the People Who Drive Our Business
January 17, 2012 By