Mortgage Lending in the Year 2001 -- "The Jetsons Return" by C. M. Corky Watts, Webmaster The Mortgage Mart November 1995 Internet use is expected to grow at an exponential rate over the next couple of years. Many business executives believe there is tremendous opportunities in marketing goods and services through the Internet technologies. The banking industry in particular is attracted to the Internet and the World Wide Web as a cost effective and "high tech/high touch" mechanism to connect to their customers. Another industry poised to take advantage of the Internet is the residential mortgage lending industry. Let's look into our crystal bankruptcies home mortgage refinancing ball and see what a real estate lending transaction may look like sometime at the end of 2001. Remember, this is only a story. Or is it? Our customer is a family of four, existing homeowner and one of 70 million households in American that are connected to an online service. The television, telephone, and PC have all become integrated into a new device called the Interactive Media and Communication Apparatus (IMCA). The online service provides "rent ware" for 1000 software programs, 500 interactive media stations, and tele- conferencing all through ISDN lines (or equivalent); the monthly cost is $50.00. Mr. home mortgage refinancing home mortgage refinancing and Mrs Jetson, as we will call them, have decided they need a larger home and have begun the house hunter process. Their search begins by activating the nationwide interactive real estate listing service on their IMCA. The first item on the service is a questionaire that will help the Jetsons' locate a suitable home that meets their needs. There are a series of questions relating to the location, number of bedrooms, bathrooms, square foot size, school district, etc. that will help narrow the search to few selections. After the search has been completed, the service provides a list of potential debt settlement debt negotiation home mortgage refinancing homes that meet the Jetsons' criteria. They proceed by touring each home--viewing a three dimensional movie that shows all of the rooms and the exterior of the home. Without calling a real estate professional, the Jetsons locate homes that merrit a actual visit. After selecting a few homes, they call a local real estate professional to represents them in transaction. Prior to physically visiting the selected homes, the Jetsons want to be assured they can qualify for a loan to help finance the acquisition. Another service on the IMCA is a Residential Mortgage Lending Resource Center that provides interactive tools and credit score home mortgage refinancing information to help