In 2018, the number of unconventional mortgages increased to the highest level since the mortgage meltdown in 2008. Unconventional mortgages include subprime loans, which are made to borrowers with blemished credit; loans made to borrowers without a Form W-2 or other standard documents; and other loans that don’t meet the standards set by the Consumer […]
5 Ways Technology Impacts Getting a Mortgage
Even though 90% of prospective home buyers search online as they look for a place to call their own, less than 10% of lenders offer a complete digital mortgage experience from application to closing. Instead, borrowers are transported back into the age of copiers, scanners and fax machines to provide applications and financial documentation. It’s an […]