LendingHome’s Week in Review is here to provide you with news that you might have missed this week.

homebuying tech

Homeowners Seeking Both a High-tech and Human-touch Mortgage Experience, Ellie Mae 2017 Borrower Insights Survey Finds

According to survey findings by Ellie Mae, 57% of homeowners completed their latest mortgage in person, 28% applied using a combination of online and in-person meetings, and 11% applied completely online with no in-person interaction.

The survey asked what would have improved the process and 40% said they wanted a faster process with fewer delays. 20% wanted a shorter and easier to understand applications while 11% asked for more lender communication.

The study showed that even with more online lenders, the main method of selection was still referrals.

Read more at Ellie Mae

apartment

Home construction slows moving into spring home-buying season

“Despite the increase in need at the start of the spring home-buying season, housing starts fell in March, according to a joint report released by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.”

“[S]ingle-family authorizations in March decreased 1.1% to an annual rate of 823,000, down from February’s 832,000. This isn’t good news for real estate’s inventory-starved market that is about to enter one of the strongest spring home-buying seasons in recent memory.”

Read more at HousingWire

technology

What’s in it for Me? Real Estate Investment Technology

Finovate takes a look at the online real estate investment landscape and compares 14 companies over 3 categories: crowdfunding, cash flow share, and match-making platform. The comparison covers the model, returns, minimum investment, and more.

Read more at Finovate

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