Main barrier to full mortgage automation: people

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The biggest barrier to increased automation in the mortgage process isn’t technology, but it’s people — specifically, convincing them that digital signatures are acceptable. Currently, only 5% of mortgage signatures are fully digitalized, said Jonathan Kearns, vice president of technology for the mortgage data standards group MIMSO. “There’s still only 5% of them being done […]

Source: https://bankautomationnews.com/allposts/retail/main-barrier-to-full-mortgage-automation-people/

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