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Lenders ponder Uber-ization of mortgage industry
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According to Fannie Mae’s most recent Mortgage Lender Sentiment Survey, the mortgage industry would like to see a technology disruption like what Uber did for the transportation industry, but do they think such a paradigm shift is possible in the mortgage world, which has been somewhat slow to embrace new technology? Here’s what a few thousand senior lender executives told the government-sponsored enterprise about how they are using new technology, what their major pain points are and the kinds of innovation they would like to see.
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