Mobile mortgage applications have recently been developed for credit unions and foreign national borrowers as well as real estate agents and home builders.

A report from Malauzai Software indicated that 54 percent of active digital banking users are using mobile banking. The share surpasses 70 percent for the best in-class financial institutions.

Malauzai reported that one-quarter of end users exclusively use the mobile channel. At the best in-class financial institutions, this share rises to 44 percent.

Source: Mortgage Daily