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Technology Stocks : Mitek Systems (MITK)

MITK 9.230

-0.1%

Oct 31 9:30 AM EDT

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From: JakeStraw	8/30/2016 8:03:44 AM
	of 169

Mitek’s Mobile Fill™ Selected by Leading Online Mortgage Provider finance.yahoo.com The mobile channel continues to increase in importance for the mortgage industry. According to 2015 data from Fannie Mae’s Economic & Strategic Research (ESR) Group, about one-fourth of surveyed lenders currently offer a mobile mortgage app and approximately 40 percent of those who don’t, plan to do so in the near future. In addition, according to ESR research among recent homebuyers, 30 percent would prefer using mobile devices to get a mortgage quote yet only 6 percent have filled out a mortgage application using a mobile device. Using Mobile Fill, new applicants can simply snap a picture of their driver’s license to have their personal data accurately and automatically pre-filled into the mortgage application forms. The process takes just seconds and enables the mortgage provider to achieve its promise to consumers to get them approved to buy a home or refinance a mortgage in just minutes.

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