Business and IT Glossary  > Automated Mortgage

Automated Mortgage

Automated mortgages are enabled through a DTM application that makes the process of applying and getting approved for a mortgage nearly instantaneous. While mortgage applications have become faster, the process of getting approved can take days. Automated mortgages streamline this process.

For example, Rocket Mortgage from Intuit is a mobile app that allows a user to apply for and get approved for a mortgage in less than ten minutes. We expect many others to follow Intuit with this approach.