emortgages: E-Mortgages Will Speed Up Closings, Cut Costs - 06/02/14 03:18 AM
E-Mortgages Will Speed Up Closings, Cut Costs
An electronic mortgage process could cut 30 days off of the average 52 days it takes to close a loan, according to a team developed by Fannie Mae to study e-mortgages.  What's more, going paperless could save the mortgage industry an average of about $1,100 per mortgage-or about $1 billion a year.
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