StreamLoan's Blog

Originally Posted on March 3, 2022 by Natalie Campisi on Forbes Advisor

Originally Posted on Feb 18, 2022 by Maria Volkova on HousingWire

MBA estimates that there were 66,000 new home sales in January 2022

If there’s one thing that the real estate and financial industries have in common, it’s that they’re constantly evolving. Throughout the pandemic, we’ve seen incredibly low interest rates, huge disparities between demand and supply, skyrocketing home prices, and a huge jump in refinance originations. It was a test of agility for all of us.

So what should you be prepared for in 2022?

Bitcoin was the first cryptocurrency to ever hit the market. Far from its humble beginnings in 2008, Bitcoin is now the world’s biggest cryptocurrency with a market cap of $1.3 trillion ⁠— which, according to Anadolu Agency, is bigger than the market cap of global leaders Tesla and Meta. Today, consumers can buy more things than ever with Bitcoin, as it continues to gain recognition and work its way towards mass adoption.

Technology evolves & is adopted over time. It’s important to know where you are on the technology evolution scale to make decisions. Early adopters capture certain benefits, but need to adjust accordingly as technology becomes “stale” if not upgraded. There are several key pitfalls to watch out for and adjust around. If you are successful in this process, you will maximize your ROI on innovation and technology investments while keeping your business agile for the future.

At StreamLoan, we know how essential having a digital mortgage origination process is for lenders to provide a best-in-class customer experience. Just as lenders provide faster, more efficient services, borrowers are also demanding equally impactful experiences. 

Building a feature is interesting. 

With the digital mortgage explosion accelerated by the pandemic, borrowers are demanding more from their lenders. Many borrowers are insisting on a digital mortgage experience with a seamless and stress-free application process — all the way from getting  pre-approved to closing on their home.  Compare ordering dinner on Uber-Eats or booking travel on Expedia to applying for a mortgage. That is the bar…are you ready?