The ongoing impact of the global pandemic has left its mark universally, creating disruption in some industries and opportunities in others.
The mortgage market is no different, so here is a look at the influence that COVID-19 has had over it in the past year, and how it will continue to be shaped by the evolving crisis going forward.
The rise of digital lending
In plenty of places it became either impractical or entirely illegal to visit bricks and mortar locations in search of mortgage deals, leading prospective buyers to look to digital solutions in greater numbers than ever before.
This is not just a case of the pandemic causing an increase in the number of mortgage applications submitted digitally, although this was certainly something that occurred over the course of 2020; it is also an era in which home buyers were actually empowered thanks to the tools that are … Read more