As soon as I saw the article on CNNMoney.com regarding e-mortgages, the first thought that came to my mind was what is happening when we cannot deal with a real or live person I should say. I remember when we were purchasing our first home and we had this huge stack of documents regarding the home and the mortgage loan. I went over those papers over and over again to make sure there were not any errors. The article states there will be one set of standardized forms. Every one’s situation is not the same so I would not believe that standardized forms would be efficient. If Person A came in and there situation was different from Person B, would they even be able to complete the form. Would the company suggest that they complete the parts that apply or would they have to return to doing the original paper forms? If you were given an option to file an e-mortgage, would you do it? Share why or why not.
