A federal agency has chosen 12 firms to participate in a pilot program the agency hopes will yield insights on how to use technology to make the mortgage process easier, cheaper and less time-consuming for borrowers.

The Consumer Financial Protection Bureau announced the e-closings pilot in April. The 12 firms selected to participate in the program include five vendors:

  • Accenture Mortgage Cadence
  • DocMagic
  • eLynx
  • Pavaso
  • PiersonPatterson

The lenders selected are:

  • Blanco National Bank
  • Boeing Employees Credit Union
  • Franklin First Financial
  • Flagstar Bank
  • Mountain America Credit Union
  • Sierra Pacific Mortgage
  • Universal American Mortgage Company

Source: housingwire.com

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top