Technology poised to disrupt Canada's mortgage lending industry, experts say - News Summed Up

Technology poised to disrupt Canada's mortgage lending industry, experts say


Sometime in the near future, the majority of mortgage applications in Canada will be completed online or with a chatbot, mortgage expert Rob McLister predicts. "Most people someday will not need a human touch to get a mortgage. "Time and time again, [people say] 'Look, this is a big purchase, I need to talk to somebody. Even with new technologies disrupting mortgage lending, some experts say Canadian consumers will still want a human touch when they apply for home loans. Last July, HSBC Canada launched a dedicated mortgage centre, which includes 15 non-commissioned mortgage specialists, each with at least 10 years of experience.


Source: CBC News February 10, 2019 21:45 UTC



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