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Online mortgage purchases rising slowly, but still rising

ARLINGTON, Va. - Six percent of mortgage seekers applied for their loans online recently, according to Cambridge Massachusetts based Forrester Research. CUNA's CU Environmental Scan for Strategic Planning reported that the number of online applications have risen almost 2% in the last two years, standing at 1.3% in 1999 and...

By Staff Writer | Updated on July 30, 2002

ARLINGTON, Va. – Six percent of mortgage seekers applied for their loans online recently, according to Cambridge Massachusetts based Forrester Research. CUNA’s CU Environmental Scan for Strategic Planning reported that the number of online applications have risen almost 2% in the last two years, standing at 1.3% in 1999 and 4% in 2001. As with online auto-buying, customers are using the Internet first to research their loans but more and more they are moving to the next step of applying for them online, according to Cambridge Massachusetts based Meridien Research.

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