TITLE

Banks Want Web Loans, Just Not Now

AUTHOR(S)
Berry, Kate
PUB. DATE
June 2010
SOURCE
American Banker;6/30/2010, Vol. 175 Issue 100, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the availability of online lending applications. A survey of bank executives showed that they expected eventually to offer some kind of online mortgage application, however only 18 percent of banks now do. One stumbling block is that mortgages must be personally signed. The author mentions a 2008 survey demonstrating consumers' willingness to apply for a mortgage online.
ACCESSION #
51871007

 

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