Opinion It’s time to stop the loan officer swivel
Loan officers’ jobs are harder than they need to be, and it’s costing everyone money. The best evidence of this is that, in the last decade or so, we’ve found ways to revolutionize the front end of the mortgage lending process — that is, the application the borrower fills out — but haven’t really touched anything else. Now, even though borrowers can complete an application in just a few minutes, it still takes an average of 42 days to close a mortgage loan. Read More.