Leo Loomie, SVP Business Development at Digital Risk LLC, Florida was recently published on Credit.com in the article titled “Mortgages Are Bad for the Environment. Here’s What Can You Do About It” regarding the impact of technology on the environmental impact of the mortgage process.
Mortgage industry is definitely paper intensive but exactly how much paperwork Americans buying homes consume annually may come as a surprise. FreeandClear, a mortgage education website, says about 2.2 billion sheets of paper are used each year in this country for mortgages. That translates into 264,000 trees felled to print mortgage documentation.