Leo Loomie, SVP, Client Services at Digital Risk, LLC recently appeared on the Financial Quarterback Radio Show talking about Digital Mortgages and the sudden down swing in the market last week. Leo sees the economy being fundamentally strong and with wages being up and interest rates relatively low, it’s a good time to invest says Leo.
Talking about Digital Mortgages, Leo says that today the entire mortgage industry is working towards making it as easy, instant and automated as it can get. Today, a qualified lender can go from a Loan Application to a conditionally approved underwriting in just about 20 minutes. We have come a long way from where we were just 10 years back and technology has helped remove significant barriers.
To listen to the full interview in detail, click here.