Other lenders make their originators buy their equipment. As we sat in his office, Mr. Schleck was pulling up a credit report, downloading it via modem, and had it printed in a matter of moments. As more potential homebuyers and homeowners who are refinancing or seeking any type of residential mortgage go on-line, absent lenders will miss a unique opportunity. We're planning to be up in all fifty states within the year. We'd be crazy not to.
Technology is here to stay.
The mortgage calculator instantly gives the borrower their bottom line monthly mortgage payment, for each program selected, based on income to debt ratios. Public libraries are beginning to access the internet. The technology is available. BankAmerica Mortgage has set up a website on America On-Line. If you are not raised in an environment where education is valued, you don't even think about going to college.