Mortgage Professionals Must Embrace a Paperless Future
Reduce, reuse and recycle.
These key objectives for going green and making more environmentally friendly decisions are particularly apropos for the mortgage industry, which produces reams of paper for every loan.
According to the U.S. Environmental Protection Agency, the average office worker uses approximately 10,000 pieces of paper per year – the equivalent of a small tree. Given that the mortgage process is notorious for generating a great deal of paper, today's mortgage professionals probably far exceed the national average.
The time for mortgage professionals to "go green" is now.
With document imaging and electronic delivery now widely available, the need for hard copies is significantly reduced. Furthermore, electronic documentation is essential to meet consumer demands for immediate access to loan information. Adopting a paperless – or digital – loan process is one important step mortgage professionals can take to reduce their environmental impact while saving money and improving the borrower experience.
Read the MortgageOrb blog.