As the global health crisis nears its one-year anniversary, it’s clear it has caused a paradigm shift in the way we work, live and think. The pandemic also encouraged an acceleration of innovation and transformation across the mortgage industry while mortgage lenders navigated through one of the most unique lending environments of our time.

As we look ahead in 2021, it’s important to assess trends and strategies for mortgage transformation. Our complimentary eBook explores the answers to these questions:

• What were the key trends that shaped mortgage in 2020?

• What are the main hurdles lenders face in modernizing the mortgage process?

• What should lenders focus on to accelerate their path towards the modern mortgage?

The COVID-19 economic crisis has drawn comparisons to the Great Recession a decade ago. However, while there are similarities in terms of high levels of unemployment and significant declines of economic growth, there remain substantial differences. In this white paper, we explore how banks and households have weathered the pandemic and what to watch for in 2021.

Join our industry experts to get the latest credit trends on originations, delinquencies and average balances and listen in for the latest data on economic drivers and the current outlook as of August 2021.

Small businesses increased hiring for the holidays funded by credit while servicing their outstanding debts. The moderately delinquent balances for small businesses declined to 1.21 percent in the fourth quarter from 1.60 percent at the same time last year. Taxes are a rising issue for small businesses, but increasing concerns here did not dampen borrowing or hiring in the fourth quarter. The availability of credit has cushioned the blow of the pandemic for now and a third stimulus will help insulate small businesses from altered consumer spending patterns.