4 Things You’ll Learn by Attending Digital Mortgage Trailblazers
Digital isn’t on the horizon for real estate and mortgage: it’s already here. And it’s no surprise: consumers are demanding the same click-to-buy experience with both everyday purchases and big ticket items alike, such as the purchase of a new home. For most people, the purchase of a house is one of the most important transactions in their lives however, the experience is but anything easy, convenient, and hassle-free, albeit technologically-advanced.
It’s up to the industry to change all that.
Want to know how you can prepare for the digital transformation within real estate? If you’re based in Texas, then you’ll want to attend Digital Mortgage Trailblazers, our three-city roadshow kicking off next week. Here are four key things you’ll learn by joining us in Texas that will better prepare you for new digital landscape.
1. Why everyone is talking about digital in real estate
Going digital in real estate and mortgage isn’t so much about keeping up with the trends as it is evolving to keep up with changing consumer purchasing habits. According to Mary Meeker’s 2018 Internet Trends Report, easy-to-use products and apps are becoming more and more pervasive as wifi access expands and mobile devices become even cheaper to own than ever before.
What does that mean for you?
Consumers favor ease of use in digital: from online banking, to listening to music, to messaging - and appetite for digital is finding its way the real estate arena. The speakers at Digital Mortgage Trailblazers have all gone digital in one way or another so you'll get to learn first-hand how they did it and why industry is moving towards a digital, end-to-end experience.
2. What the legislative landscape holds for online notarization
The in-person home closing table plays host to a number of entities there to enact a home closing: the buyer, the seller’s agent, brokers, title or settlement agents, an escrow agent, and a mobile notary all in tow. That’s a lot of schedules to orchestrate. But with a combination of new legislation empowering online notarization in more states and growing title underwriter support, the closing table is now going completely online.
2018 has been a banner year for states passing legislation to legalize online notarizations. This year alone, five states have enacted legislation to authorize the use of remote online notarization tools. With these new tools, home buyers and sellers are no longer required to bring a mobile notary to closing and instead can opt to close online, anytime.
When new states enable their notaries to use remote online tools, do you know how that will affect you and your business? Find out from those that helped to craft online notarization legislation so you can be prepared when a new state signs on-board.
3. How you can take the first step in going digital
For today’s paper-based home buying or selling experience, one of the biggest benefits of upgrading to digital can be seen through the eyes of the borrower. According to a recent CFPB pilot program, they found borrowers who closed their mortgage using an electronic platform were generally better off on “measures of understanding, efficiency, and feeling empowered than borrowers who used just paper forms." Those that led CFPB's pilot program took the results of their pilot program "to help inform further innovation that will be a win-win for consumers and industry alike.”
CFPB was onto something: getting started in digital doesn’t happen overnight but sometimes knowing even how to take the first step is key. Digital Mortgage Trailblazers will be attended by the top title underwriters, brokers, investors, realtors, and beyond who can advise how you can take the first step and link you with partners you’ll need to form your very own digital strategy.
4. What industry leaders predict for the future of digital in real estate and mortgage
If you asked a customer ten years ago if they’d ever imagine closing on their home completely online from their mobile device, they might have said no. Today, the real estate industry tells a much different story. How people buy and sell their homes has completed changed with transactions trending towards digital. The once 500-page mortgage application has been reduced to zero and paved the way for the paperless mortgage we see today.
While we don’t have a crystal ball to see where real estate and mortgage will go next, what we do know is that Digital Mortgage Trailblazers will be attended by those who are building the industry’s future, now. Get ahead of the next generation of real estate, learn which skills you’ll need to futureproof your business, and gain valuable insights on how digital can differentiate your customer experience.
What do you hope to learn at Digital Mortgage Trailblazers?
Let us know by sending us a tweet @notarize.