Mortgage Technology Adoption and COVID-19
Mortgage technology adoption was already predicted to be an emerging trend for 2020 and beyond, and the COVID-19 pandemic may have sped that up even more.
With public health guidelines such as physical distancing in place, many mortgage and financial professionals have turned to digital tools that facilitate maintaining business continuity.
Some of the developing trends so far have been:
- Increased use of video and virtual conferencing technology.
- Technology that enables digital interactions, such as signings and payments.
- Solutions that allow for expanding area coverage — to widen your net without leaving your house.
- And — our specialty — property data that can give in-depth insights into properties of interest, plus industry-wide trends, available online from anywhere at any time.
On the Purview blog, we are breaking down the emerging mortgage technology that has come out of COVID-19 and what the future could hold. Read it here: https://www.purview.ca/the-future-of-proptech-fintech-and-mortgage-industry-automation/