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Is Mortgage Automation a Necessity for Private Lenders?

By November 5, 2020July 7th, 2022Financial Solutions

The mortgage industry in Canada is changing. One of the main reasons for this is the COVID-19 pandemic.

When physical interaction became limited, mortgage professionals had to find ways to keep things moving along despite physical barriers.

This is why many private lenders, who were previously relying on paper-based activities, moved to online solutions.

Other organizations also adapted. For instance, recently, Filogix and Mortgage Automator signed a partnership to enable private lenders to communicate information securely.

Now that borrowers have seen that things can be done online; they will come to expect this level of automation even after the pandemic is over.

If you don’t integrate technology in your processes, you face the risk of being left behind in a fast-changing industry.

Learn how you can take a more proactive approach today on the Purview blog: