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How Lenders Can Engage Consumer Direct Customers at Scale With Marketing Automation

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April 2021 Origination Insight Report From ICE Mortgage Technology Shows Fourth Consecutive Month Faster Time To Close - Digital Mortgage Technology Plays Important Role In Accelerating Time To Close

<p><a shape="rect" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.icemortgagetechnology.com%2F&amp;esheet=52435628&amp;newsitemid=20210526005280&amp;lan=en-US&amp;anchor=ICE+Mortgage+TechnologyTM&amp;index=1&amp;md5=6918c4279d5d2ed6b12fca0ea77a08ff">ICE Mortgage Technology<span>TM</span></a><span>, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today issued its&nbsp;</span><a shape="rect" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.icemortgagetechnology.com%2Fmortgage-data%2Forigination-insight-reports&amp;esheet=52435628&amp;newsitemid=20210526005280&amp;lan=en-US&amp;anchor=Origination+Insight+Report&amp;index=2&amp;md5=52718d01f11252d32ef857aa80bb5a71

Half Of Big Lenders Still Get Most Mortgage Applications On Paper

More than nine out of 10 mortgage lenders offer online applications, but a surprisingly large proportion of their customers aren’t using them or shopping with more than one lender for the best rate. That’s according to a survey of 147 lenders and 2,000 consumers by ICE Mortgage Technology, a provider of data, technology and expertise that enables lenders to automate their processes. ICE Mortgage Technology’s latest Borrower and Lender Insights Survey found that although the vast majority of lenders (91 percent) offer online applications and online portals, only 61 percent of borrowers used an online application in 2020. That’s only a slight improvement from a 2018 ICE Mortgage survey, which found 58 percent of borrowers filled out their mortgage application online.

ICE Mortgage Technology Borrower And Lender Survey Shows Momentous Surge In Technology Adoption - Record Volume During Pandemic Shifts Industry To Increased Digital Mortgage Focus

ICE Mortgage Technology Borrower And Lender Survey Shows Momentous Surge In Technology Adoption - Record Volume During Pandemic Shifts Industry To Increased Digital Mortgage Focus Date ™, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today shared that this past year borrowers took advantage of historically low interest rates and the mortgage industry embraced digital mortgages more than ever before. According to ICE Mortgage Technology’s ™ latest Borrower and Lender Insights Survey, the pandemic has permanently changed the way consumers utilize technology and those looking to buy or refinance a home are seeking lenders who offer online tools to complete their mortgage loans from home.

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