The provider of enterprise lending solutions has been stirring up support for e-mortgages by taking education to the masses. In a recent radio program and seminar, the company has pushed for lenders to adopt the newest initiative in loan closings, but lenders, Mortgage Cadence said, are scared. Find out what issues have been holding them back from the switch.

Recent Web seminars and e-Radio programs have provided multiple platforms for Mortgage Cadence executives to discuss the future of lending. Mortgage Cadence Inc., a provider of enterprise lending solutions (ELS) for the mortgage industry, and its executives have taken their knowledge about e-mortgages to the public by branching out through multiple industry forums.

According to the company, many of the challenges regarding e-mortgage adoption stem from fear of change and the work required to make adjustments personally, technologically and business process-wise.

Interested in debunking popular myths and clearing the air of misconceptions, Mortgage Cadence used these outlets to educate the financial industry on the definition of an e-mortgage. Although the concept of an e-mortgage is a purely electronic mortgage without the paper trail that today's lenders still operate with, it is still years away according to many. Many lenders believe that this technological improvement is too expensive and too extensive to implement into their systems.

Are e-mortgages a reality?