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Lending, Mortgage

New Study Shows Mortgage Process as Challenging as Home Buying in Today’s Competitive Housing Market

Finicity, a Mastercard company and leader in open banking solutions, today released its new report High Demand, Higher Hurdles in the Mortgage Market. The report reveals key findings around the issues consumers face during the mortgage process and how digital solutions are starting to provide relief. According to the report, 89% of respondents find the loan application was more stressful or as stressful as the home-buying experience.

Consumer-permissioned open banking solutions allow for digital verifications throughout the mortgage process, shaving days off the entire experience.

Read more here.