Compared to other sectors of the wider economy, the housing and mortgage industries have traditionally been slower to embrace cutting-edge technologies and digital solutions. A myriad of reasons explain this pokey response to evolving change, ranging from the sector’s conservative risk tolerance to a lack of standardization in many evolving technologies.
One ongoing area where this lethargy is on display involves cryptocurrency. In many ways, the housing and mortgage industries can be excused for being late to this game — these industries are heavily regulated and the federal regulatory agencies tasked with their oversight are historically even further behind the proverbial curve than the industries they oversee.
