ATLANTA —*The demand to meet evolving industry compliance standards - such as new federal regulations for mortgage lending - affects more than 90 percent of paperless and eMortgage programs, according to*Xerox’s*10th annual Path to Paperless survey.
However, 83 percent – up from 68 percent in 2013 – of mortgage professional participants believe the mortgage industry will close more than half of all loans as an eMortgage within the next seven years.
“What we’re seeing is continued industry support for paperless processes despite compliance pressures,” said Jamie Williamson, vice president, sales,*Xerox Mortgage Services. “Our survey shows that companies are evaluating and implementing several paperless methods to extend electronic collaboration to all participants in the loan process.”



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