If you’ve ever purchased a new home, then you know that a real estate transaction is one of the most paper-intensive purchases you’ve ever made. While online and mobile banking services are making significant progress toward digital processes, banks have been slow to break away from their dependence on paper and manual tasks in mortgage loan processing. Because of the amount of paperwork and data entry involved, it takes an average of 40 days to process a mortgage from origination to closing.
We’ve created the infographic below to show how digital tools make end-to-end real estate transactions quicker, easier and more cost-effective for all parties involved. You can also share this image on your website using the embed code provided towards the bottom of this blog post.