Changes in the Mortgage Market Since COVID-19
It's been difficult to adjust to a new normal during the last 1.5 years. With most residents being asked to stay at home, there are many who have recently lost their jobs or been asked to work remotely. The mortgage industry has also taken a big hit that has directly affected homeowners, renters, and investors alike.
There are many who are in the final stages of closing on their homes, and the current pandemic has made it difficult to efficiently move forward with the process. To help, desktop and exterior only appraisals are being accepted as long as there is sufficient property information available online. Potential borrowers can also now submit their verification of employment via email,…
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