Mortgage service providers have launched or updated mobile applications to help with appraisals, credit reports and production. A pair of reports offer insight into mobile technology.
A survey conducted by the American Bankers Association found that 60 percent of consumers prefer to apply for a mortgage in person. At the same time, the prefer to research loans online.
When it comes to obtaining a home loan or making mortgage payments, ABA found that 61 percent of consumers consider mobile and online services important.
Source: Mortgage Daily