Those Who Prepared Are Now Thriving
Mortgage companies with pre-pandemic tech investments have had fewer disruptions
The COVID-19 pandemic has caused massive disruption for industries across the world. The mortgage industry is no exception. Amid widespread concern among consumers, businesses and communities, the U.S. economy experienced a massive slowdown. This made
homeowners and potential homebuyers wary, resulting in many stepping away from the mortgage market.
Mortgage originators that invested heavily in technology before the crisis have had their efforts rewarded. In the future, these companies will likely continue to reap dividends from their investments.