Survey: Americans apply for mortgages 24/7 | Cross River Real Estate

-
Time is money, and more Americans are adjusting their schedules to complete tasks at the most convenient time.
The mortgage space is just one of many industries adapting to this reality.
In an analysis by Mortgage Marvel of more than 650,000 online applications submitted to 1,100 lending institutions, it became clear that more people are applying for mortgages at all hours of the day, including the workday.
Technology has come a long way, allowing people to do almost anything from almost anywhere.
The survey found that in 2012 only about 15% of applications came in on Saturday or Sunday. This means more people are conducting business remotely during the hectic work week.
Additionally, of the applications coming in during weekdays, about 60% are submitted between the hours of 7 a.m. and 6 p.m., Mortgage Marvel said.
Rick Allen, chief operating officer of Mortgage Marvel, said, “Technology has given us more flexibility in all aspects of our lives. People appreciate being able to complete an application on their schedule and at their pace.”
He added, “We expect the number of online applications to continue to grow for many years to come.”

Bedford New York Real Estate | Bedford NY Homes by Robert Paul Realtor » Blog Archive » Survey: Americans apply for mortgages 24/7 | Cross River Real Estate

Comments

Post a Comment

Popular posts from this blog

Four Regional Banks Discuss Settlement Over Foreclosures | Waccabuc Real Estate

-
Image
U.S. state attorneys general are pressing four banks to accept a legal settlement over botched foreclosures similar to a deal reached with larger competitors this year, according to three people briefed on the matter. U.S. Bancorp (SFBC) , PNC Financial Services Group (PNC) Inc., SunTrust Banks Inc. (STI) and HSBC Holdings Plc (HSBA) have held talks with state and federal officials who investigated claims that loan servicers mishandled foreclosure documents, according to the people, who spoke on condition of anonymity because the talks are private. U.S. Bancorp Said to Join PNC in Talks on Mortgage Settlement Jeff Kowalsky/Bloomberg Mortgage servicers typically handle billing and collections, as well as foreclosures when borrowers fail to pay. Neil Brazil , a spokesman for HSBC’s North America unit, said in an e-mail that the London-based lender has conducted “preliminary discussions with its bank regulators and other ...
Read more

Bedford Corners Real Estate by Robert Paul | 3 Perks of Google+ for Doctors: Spend a Little Time, Make Big Online Marketing Gains

-
Image
For doctors trying to reach their patients online, using Google+ can provide surprising marketing benefits that help them be more “findable” on the web. Consider that 44 percent of all Internet users search online to find information about health professionals, and suddenly the importance for doctors of having a good online presence should be more clear. In this article I’ll discuss three reasons why I think that, if you participate in Google+, the newest social network, you can improve the chances your name will come up when prospective patients search for something you’ve written about. If you’re not a doctor but you do know that many prospective clients use the web as a way to find you and your competitors, this article will also be relevant to you. 1. Rise in the Rankings First, participating in Google+ gives doctors an advantage because content you share on Google+ has an “edge” against other stories. That’s right–Google (the search engine) likes stories that’ve gotten sha...
Read more