A recent report has revealed that a vast majority of lenders expect to see more mortgages written via online and mobile devices over the next five years, as reported on The Adviser this week.
While only half of lenders surveyed in the 2013 Genworth Home Grown Report believe the number of mortgages written by brokers will grow, 90 per cent predict the number of loans written via the online channel will grow over the next five years.
Seventy-four per cent of lenders also believe mortgages sold via mobile devices will increase but were less optimistic about the growth in loans written by mobile lenders, with only 43 per cent of lenders tipping this channel to grow its volumes. Interestingly, only 10 per cent of lenders and eight per cent of brokers believe branches will see any growth.
As the leading provider of online information to the property industry, RP Data is well placed to help brokers take advantage of this shift. As property professionals increasingly need information on the go, our rp.mobile pro iPhone app is designed to provide you with instant access to property and owner details and allows you to find out current property values and communicate them with your clients instantly. It also allows you to search on property attributes and view like-for-like comparables as well as search for units and houses for sale or properties sold in a suburb.
rp.mobile pro is free for RP Data subscribers. Download the app from the App Store and search for ‘RP Mobile Pro’.
For more information on downloading your app please call 1300 734 318.
Source: The Adviser