Bank of America has launched a digital mortgage service that is being rolled out in stages across the country through Monday. The Digital Mortgage Experience lets customers fill out a mortgage application through the bank’s mobile app or its online banking site, the bank announced Wednesday. Closings will still be done in person. With this move, Bank of America joins Quicken Loans, Lenda, Social Finance and others offering a mostly digital mortgage. The trend is sure to continue.
Source: American Banker