Borrowers Most Frustrated By Closing Difficulties

Borrowers Most Frustrated By Closing Difficulties

ByTMN Editor Reading Time: 2 minutes

Lenders looking for happy, loyal customers can benefit from streamlining and digitizing their closings, the part of borrowing that frustrates buyers the most. In a new survey from Snapdocs, 60% of homebuyers said they experience frustration during the mortgage process, especially during closing, which can impact lenders’ reputations and profits later. “Borrowers don’t remember everything…

Survey: Homebuyers Say Closing Takes Too Long

ByTMN Editor Reading Time: 1 minute

Homebuyers say the time it takes to close is the most frustrating part of the homebuying process and believe greater use of technology could smooth the process, according to a survey released Thursday by a company that provides technological support for real estate transactions. The survey by Spruce found: 82 percent of homeowners surveyed agree…

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