Online Competition Changes the Mortgage Industry, Business and Industry Trends Analysis

The internet has created a much more competitive landscape for home mortgages.  Sites such as LendingTree and Quicken Loans offer low origination fees and make it simple to complete applications online, while the internet itself makes it much simpler for consumers to compare interest rates and mortgage options.  At Bank of America’s user-friendly web site, prospective borrowers can apply online, view a breakdown of proposed fees, compare mortgage options and check the status of a loan in progress. Mortgage competition online is really part of a much larger, global trend:  fierce competition among financial services providers of all types.  Firms…

A Representative List of Organizations that Have Used our Research and Products: