Coronavirus Refi Boom Exposes Gaps in Mortgage Automation
- Date:March 18, 2020
- Author(s):
- Austin Kilgore
- Report Details: 4 pages, 1 graphics
- Research Topic(s):
- Digital Lending
- PAID CONTENT
Overview
Mortgage rates at all-time lows, but the industry’s lack of back-office automation and overreliance on human labor means lenders are leaving money on the table because they’re unable to fully capitalize on the refi boom that’s emerged during the COVID-19 pandemic. This Impact Note explores the unique challenges facing lenders and offers recommendations for navigating these extraordinary circumstances.
Learn More About This Report & Javelin
Related content
Beating the Fintech Mortgage Influencers: How FIs Can Prevail
To navigate the complex homebuying process, shoppers commonly seek guidance from non-bank influencers such as real estate agents, lending marketplaces, and digital lenders. Javelin...
How to Build Credit Card Wizards That Win Share of Wallet
Banks and credit unions provide a digital shopping experience that can lead customers to pick an ill-suited credit card and put an FI at risk of costly “silent churn.” In contrast,...
The Digital Lending Landscape for Newcomers to the U.S.
Every year, millions of people from around the globe legally enter the United States but struggle to line up banking and lending services because they lack standard documentation, ...
Make informed decisions in a digital financial world