Data Facts Lending Solutions Blog

Important Digital Mortgage Statistics Mortgage Pros Should Know

Posted by Susan McCullah

Apr 30, 2019 9:42:59 AM

Digital mortgage discussions are everywhere! Blogs, news, and trade shows can't stop talking about them and their impact on the current and future mortgage industry. 

What are consumers saying and feeling about digital mortgages? What are the benefits and the drawbacks? We've compiled a list of the best, most up-to-date statistics available to shed more light on this important mortgage trend. 

STATISTICS TO KNOW

Millennials account for 36% of homebuyers in the market. 

More than 50% of all loan applications in the past two years included some online or mobile component.

67% of those with an existing home loan would feel comfortable completing a home loan application on a laptop or desktop computer, and 29% would be comfortable using a mobile device.

More than 30% of borrowers reported not comparison shopping for their mortgage.

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Topics: mortgage news, Mortgage Lending, mortgage trends, mortgage lending services, mortgage education, digital mortgage

Actions Lenders Can Take to Increase Millennial Market Share in 2019

Posted by Julie Wink

Oct 11, 2018 10:27:06 AM

Most of us have followed them to some degree for years: those sassy, intriguing Millennials. How they are educated, activities they enjoy, what they won’t abide, and their expectations on life in general have fascinated us for the past decade.  

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Topics: Millennials, mortgage trends, mortgage education

Fannie Mae CEO to Mortgage Lenders: Day 1 Certainty Makes You More Competitive

Posted by Jacob Gaffney

May 7, 2018 2:05:55 PM

When it launched a year-and-a-half ago, Day 1 Certainty promised to offer mortgage lenders more confidence and help save borrowers time in their loan application.

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Topics: mortgage trends, DU Day 1 Certainty, mortgage lending services

Three Potential Millennial Homebuyers Tips Mortgage Lenders Must Know

Posted by Matt Scott

Apr 26, 2016 10:05:14 AM

woman_asking_question-2.jpgHow much do you really know about potential Millennial homebuyers? 

Do you possess enough information about their personalities and spending habits to help you close more loans and reap literally huge profits from doing business with them? 

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Topics: mortgage trends, Mortgage lenders, Potential Millennial homebuyers

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