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.
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