E-Mortgages Will Speed Up Closings, Cut Costs

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Mortgage and Lending NMLS #371291

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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E-Mortgages Will Speed Up Closings, Cut Costs

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Eric Gausepohl, California Mortgage Banker
(800)774-7650
closings@summitlr.com

2130 Main Street, Suite 110
Huntington Beach, Ca  92648

NMLS #371291

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