Tech-based mortgage lenders: Fast and flourishing

Between 2010 and 2016, the market share of U.S. mortgage lending held by technology-based lenders grew from 2% to 8%. During the same six-year period, online mortgage lenders saw total loan originations rise from $34 billion to $161 billion, an annual growth rate of 30%. Those figures are among the findings of a recent study by the National Bureau of Economic Research.

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Source: Bankrate