Amidst intense competition and rising costs, lenders have no option but to close loans faster and improve pull through

In the mortgage industry today, lenders are faced with competitors that are closing loans quicker while costs continue to rise. Companies that invested in technology in the past have a competitive advantage over those that didn’t as they can close loans quicker. The time it takes to process and close the loan, has many far-reaching implications.

So, what can lenders do to stay ahead of competitors? We thought of 5 ways in which lenders can build a sustainable competitive advantage, while ensuring faster closures and improved margins.