After all-cash deals dominated about a third of home sales last year, the takeaway for lenders and banks was they needed to expedite mortgage applications — before a competitor did. Bank of America began allowing buyers to access loans worth up to 80 percent of their home following an all-cash purchase, and Better Mortgage Corp. started testing on a system to allow them to underwrite mortgages within a day. Now, a Colorado-based and operated company, […]
source https://therealdeal.com/2018/04/07/how-one-mortgage-lender-is-trying-to-compete-against-cold-hard-cash/
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