January 21 2018
An industry steeped in structure and security is on the brink of transformational change. The factors needed to make a true digital mortgage (from application to close) a reality are accessible and organizations buzz about their ability to support the workflow. Yet we aren't seeing widespread adoption or scale.
What is happening in the mortgage industry and what does it mean for you? In this educational blog series, we will dive into an ecosystem that is primed for change, the promises of change agents, and all the asterisks that complicate our shared transformation.
It's no secret that the real estate finance business needs to be accelerated. Let's address the factors that add pressure and make the need for a solution all the more urgent.
Regulations and legislation combine to set the stage for digital workflows:
Expenses in the mortgage banking industry are on the rise, increasing urgency for efficient processes:
We live in an on-demand culture, meaning heightened expectations and lessened patience.
This confluence of factors provides a unique opportunity to deliver on the promise of a true, end-to-end digital mortgage through the closing table experience, while solving for the consumer and profitability demands of our industry.
In our next post, we take a look at those solutions and their role in evolving this industry.
To view the original article, visit the DocuSign blog.