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Mortgage technology helps cut closing times for fourth straight month

Mortgage technology helps cut closing times for fourth straight month
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Mortgage Technology , Mortgage Bankers Association , Origination Insight , Mortgage Bankers , அடமானம் தொழில்நுட்பம் , அடமானம் வங்கியாளர்கள் சங்கம் , ஒரைஜிநேஶந் நுண்ணறிவு , அடமானம் வங்கியாளர்கள் ,

Digital Lending Tools are Reducing Mortgage Timeframes


Digital Lending Tools are Reducing Mortgage Timeframes
Apr 29 2021, 9:19AM
There has been a
significant reduction mortgage
processing times since the first of the year according to ICE Mortgage
Technology. Its
Origination Insight Report says that the time to close a
purchase mortgage, which averaged 57 days in January declined to 53 days in
February then to 51 days in March. Refinancing has seen similar improvement,
falling from 59 days in January to 52 days in each of the subsequent months.
The time to close for all loans was also 51 days, 6 fewer than in January.
We re seeing a compelling reduction
in the time to close a mortgage as we continue into 2021, said Joe Tyrrell, ....

Joe Tyrrell , Mortgage Technology , Its Origination Insight Report , Origination Insight , ஓஹோ டைரெல் , அடமானம் தொழில்நுட்பம் , ஒரைஜிநேஶந் நுண்ணறிவு ,