General World News

Opinion: Is the lending market overcorrecting toward tech? Maybe

Rates are rising. Refinances are falling. Inventory is contracting. Application fallouts are worsening.

It’s getting harder out there. Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic homebuying behaviors.

Technology has been the focal point of that evolution more out of necessity than some consensus that homebuyers don’t want to interact with their lenders at all. Don’t get me wrong—I’m a technologist at heart, but that doesn’t mean the answer to every problem always has to be a new technology details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com