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Is Online Mortgage The New Face of the Mortgage Industry?
(presented by www.refinance-refinance.net - mortgage lenders)



By Jessica Bennet

The online mortgage market is all set for an explosive growth in years to come. A recent research reveals that nearly 50% of consumers may go for an online product if they get suitable offers with low interest rates compared to traditional home loans.

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What lures consumers most is the speed of online transactions. The introduction of online product selection tools for matching consumer profiles with loan programs and prices has refined the online mortgage process. In addition, automated loan decision systems add speed and transparency to the e-lending process. As revealed by the report compiled by a Boston based financial services group, 56% of US banks and 70% of credit unions in the country have developed automated loan origination systems for offering better services to their customers.

With the online mortgage market in progress, it

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