Next year, residential loan applications are expected to be completed by millennials through a mobile device for more than $30 billion in mortgages.

Millennials represent 35 percent of all home buyers, and research reportedly indicates they have a strong desire to apply for loans on mobile devices.

Industry economic forecasts have overall purchase-money mortgage originations totaling between $1.054 trillion and $1.100 trillion next year.

Source: Mortgage Daily