Every day we are doing more online. From shopping, to socializing, to buying a house, or even signing up for healthcare, people are doing all of these things from their mobile devices. Mobile adaption is the necessary next step for the mortgage industry. Creating a streamlined online mortgage process is the future for home buyers, realtors, and loan officers. Accessibility on mobile is necessary to compete in any market as more consumers embrace technology.
Today, one in five Millennials will use their smartphones exclusively to go online – no longer are computers necessary for this generation. Tech savvy consumers are using their phones to educate themselves about practically everything, including getting a mortgage. Twenty years ago, prospective home buyers would meet with a realtor first before considering a mortgage. Today, only 28% of Millennials are meeting a realtor first, while the rest are starting their home-buying process online.
How is the mortgage industry reacting to these changes? Generally, it isn’t that mortgage companies are lagging behind, but that loan officers feel challenged by new technology. At vLoan, we live up to our brand promise of “virtual made personal” and we weave technology into our culture. Each loan officer is available to you by phone, live chat, or e-mail. We value the technology available at our fingertips, but we also value your needs, goals, and the reason behind why you are getting an online mortgage in the first place.
We make mortgages easy at vLoan. You have complete control over the online mortgage process while we walk you through it. If you’re purchasing a new home or refinancing, getting a quote is your first step. Our technology crunches the numbers so you don’t have to wait for a phone call or a face-to-face meeting. Access your secure dashboard from any device and share this information with your realtor so he/she can match you with your dream home. Enhance your purchasing power with vQual to instantly pre-qualify for that home of your dreams. Safely upload your documents through your secure dashboard. Finally, you can close your loan digitally. Sign your documents anywhere, anytime.
Don’t do mortgages like your parents did. Do them digitally, wherever you want. We make it easier for you to get the information you need so you can be on your way to buying or refinancing your home faster. Get a free rate quote or feel free to reach out to a mortgage advisor today to ask any questions about starting your online mortgage journey.