According to Business Insider, with debt sitting at $9.2 trillion for the U.S. lending market, the industry has been the slowest to digitize and have had little incentive to remove friction from the customer application process.
Questions:
- What has Rocket Mortgage added to the industry to become the largest residential mortgage originator by volume?
- According to this article, how are legacy lenders responding to digital competitors like Rocket?
- Until now, why haven’t legacy lenders overhauled the application process?
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