Electronic Intermediaries in Primary Mortgage Market
Business To Consumer Electronic Commerce
Electronic Mortgage Brokers:
Due to the better understanding of the complex nature of
mortgage financing and also due to the special working
relationship established with the various lenders the traditional
mortgage brokers still thrives and have become electronic
mortgage brokers so as to keep in touch with the latest business
process. The electronic mortgage brokers procure loan origination
both traditionally and also through internet. These are the
licensed agents acting on behalf of the consumers for procuring
the mortgage financing.
Infomediaries / Home Financing Information Portals
These portals basically provide information about various lenders so as to enable the consumer to procure mortgage financing. These sites basically provide the necessary education for the consumer to procure the mortgage financing.
Various Lenders with Online Mortgage Loan Origination System
All the lenders in the mortgage financing business have websites enabling the consumers to get information as well as apply for loans online.
New Electronic Loan Originators
Apart from providing information about the mortgage financing some portals also act as computerized loan origination portal enabling the consumer to select a lender and submit an application for mortage financing. The various portals which have emerged in this segment are listed below: