The rate of adoption of e-mortgage technology would increase if lenders and brokers were required to reveal to prospective borrowers the environmental impact that originating their mortgage caused based on the number of trees destroyed, or pages of paper used to manufacture their loans.
Lenders are gathering an unprecedented number of required documents to originate mortgage loans and comply with new regulatory requirements. To be sure, the regulatory environment saps efficiency and profitability at the same time that loan volumes are falling.
New VirPack research using first-quarter data show the number of pages in the average loan file soared in recent years. This trend of ballooning files threatens industry profitability.See the article Here