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Data Facts, Inc., the nation’s leading provider of mortgage and banking solutions, comprehensive background screening, business credit solutions and tenant screening, recently announced that they are a supporting credit agency on the mobileLO iPad App. mobileLO is a point of sale application that allows loan officers and brokers to enter the data fields of a Uniform Residential Loan Application, generate a Good Faith Estimate and other federal and state-specific disclosure documents, pull the applicant’s credit report and collect electronic signatures.
http://www.prweb.com/releases/prwebdatafacts/mobilelo/prweb9385532.htm
I wonder how long it will take for hackers to be all over this new enhancement ??
I guess loan originators want to transact the very important business of loan origination on the fly.
Oh well, great I hope it's secure, and doesn't cause any borrower a loss of identity.
Unless they do something horrendously silly, this won't be a problem, it's just a continued shift in the way things are done which is probably overdue looking at the most recent iPad and other mobile tablet sales numbers. Starting to feel like a Luddite not owning one personally.
Anyway, many of the various wireless connectivity solutions still have embarrassing issues security wise, but this application is near guarunteed to be encrypted via SSL or another protocol on top of it.