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To: allen v.w. who wrote (3767)10/19/1998 10:35:00 AM
From: jwk  Read Replies (1) of 40688
 
All--- listened ot a report on NPR this morning which discussed the *REVOLUTIONARY* impact the 'net was having on the mortgage industry.... particularly in the area of refinance which is currently being heavily impacted by the drop in interest rates.

The first internet mortgage was signed place a mere three years ago. Today, it would be foolish not to at least check the 'net for the most current re'fi info. A complete and total industry wide paradigm shift which can be numbered in months has transformed a major industry.

As with the similar change in inventory/wharehousing practices created by barcoding & realtime communication (global computer-to-computer ) etc. --- the transformation did not depend on winning over all managers one at a time. The potential of the new technology was first adopted by the front-runners and risk takers, and since it was real and valid, the rest had no choice but to jump on immediately or be forced from the market by more efficient and more productive competitors......... whether they wanted to or not.

The same is happening today in the mortgage industry.

Today and tomorrow it will be happening globally for international trade.

Stay tuned for the revolution.
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