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CHAPTER 15

Using the Internet the Right Way

The Internet provides unprecedented speed and access to information. Your loan closes in a matter of days, not weeks. Because of the Internet, “Google” is now a real word. Thanks to the Internet, it takes just a few seconds to get a question answered. Encyclopedia? Ha! Nothing is as fast and as handy as the World Wide Web, right? Doing things faster and with fewer people keeps costs down and helps to keep rates lower than they otherwise might be.

15.1 HOW HAS THE INTERNET HELPED MORTGAGE LENDING?

As with other industries, it’s changed the landscape. It’s fast, efficient, and highly productive. Just a ...

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