Wells Fargo, the country's largest mortgage lender, is the latest big bank to say it's setting its eyes on a digital mortgage experience.
Tim Sloan, CEO and president of Wells Fargo, said the company is expecting to launch a digital mortgage application tool by the end of 2018. Sloan shared details about the bank's need to digitalize some of the mortgage application process during the bank's second-quarter earnings call Friday.
Banks hope to streamline the often arduous mortgage application process by making parts of the loan application available online or through mobile apps.
For more details on the new program, click here.
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