Another firm has entered the digital mortgage application space to provide a faster, more frictionless process.
Eagle Home Mortgage, part of Lennar Corporation, has partnered with Silicon Valley tech firm Blend to launch Eagle Digital Mortgage.
The platform aims to streamline the mortgage application process with a mobile-friendly app which allows customers to automatically connect their bank statements, tax and employment information, and any other document necessary to apply in minutes.
"We are combining the power of technology with an intuitive design to enable borrowers to apply for a mortgage in as little as 10 minutes from any device," said Jimmy Timmons, President of Eagle Home Mortgage. "By empowering customers to provide a more complete loan application upfront, we can streamline our entire mortgage application, approval, processing and closing process."
The firm has already run a pilot of the digital service, originating more than 700 applications and gaining a strong approval rating from customers.
"I am pleased to see such a positive response from our customers," continued Timmons. "Buying a new home is an incredibly exciting and wonderful experience. We believe the mortgage experience should be too. The new Eagle Digital Mortgage experience makes applying for a loan easy, fast and enjoyable!"
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