Consumers Reported Greater Understanding, Efficiency, and Feelings of Empowerment
WASHINGTON, D.C. —(ENEWSPF)–August 5, 2015. The Consumer Financial Protection Bureau (CFPB) today published a report on its “Know Before You Owe” eClosing project which found that borrowers can benefit from electronic closings when navigating the mortgage closing process. Specifically, the results of the pilot indicate that those who closed their mortgage using an electronic platform are generally better off on measures of understanding, efficiency, and feeling…
