New Survey Shows Homebuyers Frustrated with Time-to-Close; Open to Tech Solutions
Share this article NEW YORK, Dec. 17, 2020 /PRNewswire/ -- Spruce, the proptech company powering online real estate transactions through technology, today released new survey findings showing the frustrations of borrowers, citing the time it takes to close as the most frustrating part of the overall mortgage origination process. These findings highlight the immense opportunity to increase borrower satisfaction through technology solutions in real estate transactions. Over the last year, the time-to-close was about 47 days. On average, lenders who have opted to partner with Spruce close 25%...