Exploring recent trends in digital originations for mortgage lenders, highlighting the role of fintech and AI in reshaping the lending process.
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Despite blockchain’s growing presence in the financial services sector, most mortgage lenders still aren’t familiar with the technology that powers cryptocurrencies like Bitcoin. That’s according to a new survey by Fannie Mae.
According to Fannie Mae’s Mortgage Lender Sentiment Survey, just 25% of lenders said they were familiar with the technology and its potential use in the mortgage industry.
Although cryptocurrencies are perhaps the most widely publicized application of blockchain, just 31% of lenders said they believe mortgage companies will probably accept crypto as consumer loan payments in the next three years.
